Gold Beats Bitcoin as Dollar Weakens
The post Gold Beats Bitcoin as Dollar Weakens appeared on BitcoinEthereumNews.com. Peter Schiff says Bitcoin is not a hedge, claims gold will benefit instead. He argues that converting dollars to Bitcoin worsens dollar weakness and inflation risks. Coin Edition defends Bitcoin as a sound money alternative to fiat and central banks. Economist Peter Schiff has challenged the Coin Edition’s assertion that Bitcoin serves as an effective hedge against dollar weakness. The Dollar Index has fallen below 96.5, prompting Schiff to warn about potential consumer price increases in 2026 without immediate Federal Reserve intervention. Schiff argues that gold, not Bitcoin, will benefit from continued dollar weakness based on historical correlations and market behavior. He contends that Bitcoin maintains a negative correlation with gold, undermining its effectiveness as a traditional safe-haven asset during currency debasement periods. The economist suggests that risk asset sell-offs during dollar weakness could negatively impact Bitcoin prices. This view contrasts with cryptocurrency advocates who position Bitcoin as digital gold and a store of value independent of traditional financial systems. Your logic is flawed. A weak dollar will send gold much higher. Bitcoin is negatively correlated with gold. There is also the potential for a sell off in other risk assets, which would also negatively impact Bitcoin. — Peter Schiff (@PeterSchiff) July 1, 2025 Fed Policy Creates Competing Investment Narratives Schiff has criticized both political parties for their fiscal and monetary policy approaches, which could exacerbate dollar weakness. He specifically targets Trump’s preference for lower interest rates to reduce government financing costs, arguing that spending cuts would address the root problem more effectively. The economist claims that purchasing Bitcoin increases pressure on the dollar rather than providing relief. His June 29 post argued that “selling dollars to buy Bitcoin is putting the dollar under pressure” and referred to investing in Bitcoin as a waste of money that is harmful to…
The post Gold Beats Bitcoin as Dollar Weakens appeared on BitcoinEthereumNews.com.
Peter Schiff says Bitcoin is not a hedge, claims gold will benefit instead. He argues that converting dollars to Bitcoin worsens dollar weakness and inflation risks. Coin Edition defends Bitcoin as a sound money alternative to fiat and central banks. Economist Peter Schiff has challenged the Coin Edition’s assertion that Bitcoin serves as an effective hedge against dollar weakness. The Dollar Index has fallen below 96.5, prompting Schiff to warn about potential consumer price increases in 2026 without immediate Federal Reserve intervention. Schiff argues that gold, not Bitcoin, will benefit from continued dollar weakness based on historical correlations and market behavior. He contends that Bitcoin maintains a negative correlation with gold, undermining its effectiveness as a traditional safe-haven asset during currency debasement periods. The economist suggests that risk asset sell-offs during dollar weakness could negatively impact Bitcoin prices. This view contrasts with cryptocurrency advocates who position Bitcoin as digital gold and a store of value independent of traditional financial systems. Your logic is flawed. A weak dollar will send gold much higher. Bitcoin is negatively correlated with gold. There is also the potential for a sell off in other risk assets, which would also negatively impact Bitcoin. — Peter Schiff (@PeterSchiff) July 1, 2025 Fed Policy Creates Competing Investment Narratives Schiff has criticized both political parties for their fiscal and monetary policy approaches, which could exacerbate dollar weakness. He specifically targets Trump’s preference for lower interest rates to reduce government financing costs, arguing that spending cuts would address the root problem more effectively. The economist claims that purchasing Bitcoin increases pressure on the dollar rather than providing relief. His June 29 post argued that “selling dollars to buy Bitcoin is putting the dollar under pressure” and referred to investing in Bitcoin as a waste of money that is harmful to…
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