Gold closed at an all-time record high. If Bitcoin is digital gold, why is it more than 13% below its record high? Also, with all the hype, U.S. government support, and corporate buying, why is Bitcoin still 13% lower today than it was at its Nov. 2021 peak when priced in gold?
— Peter Schiff (@PeterSchiff) August 31, 2025
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I can hold Gold in my hand and store it in my safe, it can’t be hacked.
Can you say the same thing about Bitcoin? What do you do when you can’t access your Bitcoin on line?
You get a large spoon and begin the arduous, and unpleasant, task of scraping out your pants……..
Digital gold is a lie. Digital anything is a lie. Why do I have a feeling they are gonna try to take it all?
The only real advantage of Bitcoin over the Dollar is it’s harder for the Fed gov to track. Not impossible but more difficult. Neither has any inherent value other than the blind irrational belief people have in them. And both can evaporate into utter worthlessness overnight. Gold/silver being tangible don’t suffer from that fact.
Like the USD, blind faith in a green or colorful ink printed slip of paper. Has no intrinsic value other than wiping material or calorie-free edible. Your silver coins gone since 1965, your copper now easily corroded zinc. They’ve robbed the American people of even the value what was held in the coinage. Harvested it all, but the nickel in the 5-cent piece, soon to be harvested, I’m sure.
If it is not in hand, it is a fairy tale. Same as the paper gold and silver, paper fairy tales when the oversold market can’t cover the call for undersupplied physical product. Given the market has sold more than the actual physical inventory of both materials available to said market. Eat the paper, cellulose and fiber.