Central banks buy gold, not Bitcoin – Peter Schiff

While the world navigates through economic turbulence, gold is once again on the center-and the economist Peter Schiff sees a warning signal for Bitcoin supporters.

Instead of diversifying in cryptocurrencies, the central banks hoard quietly and quietly gold at record pace and buy over 1,000 tons every year – more than twice as much as in the historical average. Ship, a long -time critic of cryptocurrencies, argumentedthat this shift reflects a loss of trust in the US dollar and an increasing preference for assets with proven resistance.

This trend is not new. Countries like Russia have been hoarding gold since 2014 to secure themselves against sanctions and geopolitical isolation. Now others are following, especially in view of the increasing global uncertainty and the new customs policy of Trump, fueling the concerns about the future of the dollar.

While Bitcoin supporters are promoting it as a currency of the future, Schiff asks a sharp question: If cryptocurrencies are the future, why are governments still choose gold?

Michael Widmer from the Bank of America assumes that banks are not invested in gold in emerging countries and could soon triple their allocations. According to the ship, this underlines what institutions really trust when it comes to stability.

He also warns that the strong price fluctuations of Bitcoin and the high concentration of US investors increase the risk of an investment, especially for institutions that value resistance. At the time of his statements, the gold price rose to almost $ 3.357 per ounce, while Bitcoin, although increased in the month, had fallen by over 2% in a single day.

Not all of them share ship's skepticism. Market votes like Ran Neuner of CNBC believe that Bitcoin could still turn out to be the stronger safe harbor – but for the time being, the central banks seem to be voice in ounces and not in Satoshis.

Alexander has been working for three years in the crypto industry, during which time he has established himself with his active involvement in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He monitors the news in the sector daily, analyzes trends and is excited about every new step in the development of blockchain solutions. His enthusiasm leads him to continuous learning and sharing of knowledge, seeing the future in digital finances and their role in global transformation.