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Peter Schiff: Gold and Bitcoin respond very differently to economic data
2026-08-12 22:01:44
According to CoinMeta, Peter Schiff stated that gold and Bitcoin are distinctly different asset classes, and therefore they react differently to the same economic news. Following the release of the CPI data, gold rose by 1.5%, while Bitcoin fell by 0.4%. This CPI data met expectations and did not increase the likelihood of a rate hike in September.
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