Economist Peter Schiff on Sunday shrugged off Bitcoin’s (CRYPTO: BTC) recent record run and took exception to its comparison with gold. What Happened: Sharing a chart on X showing Bitcoin’s value denominated in dollar, Schiff said, although the cryptocurrency made a new high priced in dollars, it hasn’t hit “a new high priced in gold.” “Perhaps it never will. That undermines the case for Bitcoin being digital gold,” he added. Gold is considered a safe haven that can insulate one’s investment during inclement conditions. It is typically added to portfolios to reduce volatility. See Also: How To…
