Peter Schiff, known for his anti-Bitcoin (BTC) stance, said that Paul Tudor Jones was wrong about Bitcoin and wrong to see the asset as the best inflation protection.
Schiff revealed the figures of the recent growth of both assets and stated that gold is superior to Bitcoin.
Schiff tweeted that inflation was not temporary and Bitcoin fell 37% last year. In the meantime, Schiff emphasized that the value of gold also increased by 12%, and therefore Jones was wrong about Bitcoin.
Peter Schiff said in a tweet on March 1 that he expects Bitcoin’s “dead cat bounce” to end soon.
Bitcoin is trading at $38,945 at the time of writing, according to CoinMarketCap data.