Peter Schiff: top related news

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22.01 / 22:33
The argument Bitcoin is a form of digital gold is being torn apart
Yes, the argument Bitcoin is a form of “digital gold” is falling apart. As the world’s largest cryptocurrency slips to $38,000, the lowest price since August, its decline in tandem with risk assets such as tech stocks is casting a shadow on a long-touted similarity to gold.  Cryptocurrencies have plunged alongside equities in a rocky start to the year amid tighter-than-expected monetary policy, whereas gold -- often heralded as a store of value and an inflation hedge -- has steadily traded upward this month at 0.3%
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