Days like today make it clear that Bitcoin is not digital gold. We got bad economic news that sent gold and the Japanese yen up 2.2% and the euro up 1.5%. The NASDAQ went the other way, falling 2.2%. Bitcoin tanked 3%, tracking high-risk assets lower, not safe havens higher.
— Peter Schiff (@PeterSchiff) August 1, 2025
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Nothing of any tangible value backs bitcoin, it’s as risky as the dollar is.
Precious metals, gold silver, platinum, palladium and copper have tangible value. These are what we should invest in, and ammo, don’t forget ammo.
Bitcoin is just high risk vaporware. If you’ve got money to risk, sure, you can make a lot more FRNs. But without modern infrastructure it ceases to exist.