Economist Peter Schiff: Bitcoin is not digital gold

Peter Schiff, a gold advocate and economist, wrote on X. "U.S. stock index futures and the U.S. dollar both sold off. But gold and bitcoin are once again in opposite directions. Gold is behaving like a safe haven, up about 1 percent. Bitcoin is trading like a risky asset, down about 2 percent. Clearly, bitcoin is not digital gold."