Gold supporter Peter Schiff: BTC is bought by speculators who believe in their safety, not investors seeking a safe haven

Today, Peter Sun, CEO of Euro Pacific Capital and gold loyal supporter, said that as trade tensions intensified and the RMB exchange rate fell, Bitcoin's trading price returned to more than $10,000. But don't believe that bitcoin price increases reflect such hype as gold safe-haven buying. Bitcoin was not bought by investors looking for hedging, but was bought by speculators who were bet on it.