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Peter Schiff: Bitcoin’s Digital Gold Narrative Is “Crumbing Fast”

  • Bitcoin has underperformed gold by about 30% since its all-time high in November 2021.
  • MicroStrategy's recent Bitcoin purchases are currently in the red, with losses ranging from 2% to 15%.
  • Peter Schiff believes Bitcoin is behaving more like a speculative asset than digital gold, raising doubts about its store of value and reserve asset qualities.
  • Schiff suggests that as more investors see through the hype, the narrative of Bitcoin being digital gold is crumbling fast.

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