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Bitcoin critics: Bitcoin is not 'digital gold', once again depegged from gold tonight.
On May 5, Bitcoin critic and economist Peter Schiff posted, “Tonight, U.S. stock index futures and the dollar both fell. But gold and Bitcoin moved in opposite directions again. Gold, as a safe-haven asset, rose about 1%, while Bitcoin, as a risk asset, fell about 2%. Clearly, Bitcoin is not ‘digital gold.’”