CoinWorld News reports that economist Peter Schiff posted on X stating that Tom Lee claims the rise in gold prices is beneficial for Bitcoin. Peter Schiff believes that BTC's prosperity occurred during a period of sideways movement in gold prices, which allowed BTC to replace gold as a better inflation hedge and safe-haven asset. The recent breakout in gold prices has shattered this false narrative.
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CoinWorld News reports that economist Peter Schiff posted on X stating that Tom Lee claims the rise in gold prices is beneficial for Bitcoin. Peter Schiff believes that BTC's prosperity occurred during a period of sideways movement in gold prices, which allowed BTC to replace gold as a better inflation hedge and safe-haven asset. The recent breakout in gold prices has shattered this false narrative.