After reaching the new ATH with gold, the EURO Pacific Capital President Peter Schiff called the precious metal money.
Gold is not Just Any Commodity, it’s money. Under Normal Circumstances Gold Doze Not Move the Way Its Now. It’s Alread Up Another $ 58 Tonight, Trading ABOVE $ 3.483. This is the end of the us dollar’s dominance. Life in America is ABOUT To Change in Ways Few Can Imagine.
– Peter Schiff (@peterschiff) April 22, 2025
Since the beginning of the year, precious metal has risen in price by 30.7% against the background of the weakening of the dollar by 9.2% of the currency basket, while bitcoin has met 4.5%.
Schiff critics indicated the absence of gold in one of the four functions of money – a payment product.
I Shaved a bit off my gold bar at Starbucks This Morning. They Accepted it as Payment. FIRST Time in AWHILE.
– Mike Alfred (@mikealfred) April 22, 2025
Others emphasized that, unlike gold, Bitcoin copes with this role. One of the commentators announced the payment of the haircut in the first cryptocurrency.
Whether Was The Last Time You Paid for Someting with Gold?
I Paid for My Haircut Last Week in Bitcoin.
Merchant Won ‘Accept Gold Becay How People Test Is Real?
– BTCCLUB (@AUSBTCCLUB) April 22, 2025
According to the trader, Peter Brandt, the gold is overdue, and the stock market is resold.
Gold Is Overbouught
US Stocks AresoldIn the Near Term, Maybe
In the Longer Term – We’ve Only Just Begun The Flipping. pic.twitter.com/tprseodpj3– Peter Brandt (@peterlbrandt) April 21, 2025
Earlier, the co -founder of BITMEX Arthur Hayes predicted the increase in the cost of the first cryptocurrency above $ 100,000 due to the reverse redemption of the US Treasury bonds.
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Source: Cryptocurrency

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