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TechFlow news, on October 27, economist and gold advocate Peter Schiff again questioned Bitcoin's positioning as "digital gold" on social media.
Schiff stated, "Investors believe trade news is positive for the U.S. economy and stock market. Affected by this news, gold prices fell while Bitcoin prices rose. If Bitcoin moves in the opposite direction of gold under the same news impact, how can it be considered digital gold?"
Economist and gold advocate Peter Schiff once again questioned Bitcoin's positioning as "digital gold" on a social media platform. Schiff said, "Investors believe trade news is positive for the U.S. economy and stock market. Affected by this news, gold prices fell while Bitcoin prices rose. If Bitcoin moves in the opposite direction of gold under the same news impact, how can it be considered digital gold?"
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