Peter Schiff doubled down on his Bitcoin (CRYPTO: BTC) criticism, arguing it should not be viewed alongside gold and silver, while VanEck‘s CEO took the opposite view, saying Bitcoin’s correction offers an attractive buying opportunity.
Schiff Rejects Bitcoin Comparison
In an X post on Aug. 11, Schiff said Bitcoin investors are making a mistake by grouping BTC alongside gold and silver.
"Bitcoin is a highly speculative collectible digital token. It’s not a monetary metal," Schiff said.
In a separate post, Schiff highlighted the divergence between precious metals and risk assets, noting that gold and silver were rising while stocks, bonds and Bitcoin were selling off.
