Peter Schiff questions why global central banks are accumulating gold instead of Bitcoin, despite Bitcoin's potential to replace traditional monetary systems.
Central banks worldwide are increasing their gold holdings due to geopolitical uncertainty, inflation concerns, and doubts about the U.S. dollar's dominance, reinforcing gold's role as a hedge against financial instability.
Schiff argues that central banks have not shown interest in adopting Bitcoin due to its volatility, regulatory challenges, and lack of historical precedent, unlike the ongoing accumulation of gold by nations like China, India, and Russia.
The debate between gold as a preferred instrument for central banks preparing for a multipolar monetary future and the rising popularity of Bitcoin among investors underscores the unresolved tension between traditional monetary systems and digital assets.