Economist and gold advocate Peter Schiff, known for his skeptical view on bitcoin and fervent support of gold, has shared insights on both assets amid recent market shifts. Posting on social media platform X on Oct. 22, Schiff noted that, despite rising odds of a Donald Trump victory in the 2024 U.S. election, bitcoin has not followed the upward momentum seen in other Trump-related assets, such as stocks and real estate.

“The Trump trade is on, yet bitcoin is the one Trump asset not rallying. It’s widely believed that a Trump win is bullish for bitcoin. So why isn’t bitcoin rising along with the betting odds on Trump?” Schiff wrote, adding:

Maybe all the speculators have already bought. Get ready for the Trump dump.

According to Schiff, speculators may have already bought up BTC, diminishing demand, and that a “Trump dump” could bring the price of the crypto down if Trump-related assets eventually decline.

the_ad_placement id=”article-middle-content”]

The economist predicts a substantial upswing in gold, calling it the “mother of all gold bull markets.” On Oct. 20, he highlighted that gold reached a record high, attributing the rise to inflation pressures fueled by central banks. Schiff warned that fiat currencies are steadily losing value, potentially driving more investors to gold, which he considers a safer hedge, saying, “We are still early in what will likely be the mother of all gold bull markets.”

Gold’s gains align with Schiff’s view that inflation and central bank policies are diminishing fiat value, potentially making gold a strong investment, even as high as $4,000 per ounce. Conversely, he sees bitcoin’s current behavior as a sign that expectations of a Trump-related bitcoin rally may be misplaced, underscoring his belief in gold as the preferable store of value amid market volatility.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。