Peter Schiff, the CEO of Euro Pacific Capital and a well-known advocate for gold, has expressed his opinion that Bitcoin is not a necessity and that people are drawn to it primarily due to peer influence. He likened the enthusiasm for Bitcoin to that of a "cult." Schiff's stance reflects the ongoing debate between proponents of traditional assets like gold and proponents of cryptocurrencies like Bitcoin. This difference in perspective highlights the diverse opinions and beliefs within the financial world regarding the value and role of cryptocurrencies. #bitcoin #cryptocurrency #gold 🪙📈🤝