Bitcoin (BTC) Debate: Anthony Scaramucci and Peter Schiff Discuss Crypto’s Role in Inflation Protection

• Bitcoin and gold are in the spotlight as potential hedges against inflation, with high-profile figures debating their merits.
• While Bitcoin critic Peter Schiff points out the digital currency’s lack of intrinsic value, Anthony Scaramucci defends Bitcoin’s fixed supply and portability.
• Bitcoin is currently trading at $63,541, up 2.69%.

Bitcoin and gold are under scrutiny as potential inflation hedges, with experts debating their pros and cons. Bitcoin is currently trading at $63,541, up 2.69%.

Bitcoin vs Gold: The Debate

In a live debate on YouTube sponsored by ZeroHedge, high-ranking figures squared off regarding the role of Bitcoin (BTC) and gold as inflation hedges. Anthony Scaramucci from SkyBridge Capital and Peter Schiff, a recognized Bitcoin skeptic, led the conversation. Erik Voorhees, CEO of ShapeShift, and Nouriel Roubini, an economics professor at NYU, also participated. The discussion revolved around whether Bitcoin could compete with or even surpass gold as a store of value in periods of inflation.

Peter Schiff’s Critique of Bitcoin

Peter Schiff argued that Bitcoin’s digital currency was not functional due to its slow speed and high transaction costs. He said that Bitcoin supporters mistakenly label it as “digit... Read the full article for FREE at COINOTAG!