Bitcoin lacks intrinsic utility compared to gold and oil, making its value speculative

From Investing.com

September 25, 2024 1:30:21 pm:

Prominent critic Peter Schiff asserts Bitcoin lacks intrinsic utility, unlike gold and oil. Gold is relied upon in jewelry and electronics, while oil is essential for manufacturing and energy. Although Bitcoin offers decentralized financial access and serves as a safe haven and inflation hedge, its value is speculative. Investors may choose between Bitcoin and gold based on individual needs and preferences.

Read more at Investing.com: ‘World Doesn’t Need Bitcoin,’ Says Schiff By U.Today