From Investing.com

December 12, 2024 3:30:21 pm:

Peter Schiff expresses concerns about Bitcoin not being clearly defined as money, amidst broader economic discussions. He criticizes the central bank’s interest rate measures for failing to curb inflation and rejects the idea of Bitcoin as a substitute for gold. However, BlackRock views Bitcoin as a strategic asset, recommending a 1-2% allocation in investment portfolios due to its low correlation with traditional markets and potential as a hedge against systemic risks. This marks a significant institutional shift towards embracing cryptocurrency.

Read more at Investing.com: We Must Separate Bitcoin (BTC) From Money, Says Peter Schiff By U.Today