Bitcoiners Are Not Looking for a Store of Value, Gold Bug Adam Schiff Says

[Goodcat49]

Although Bitcoin holders often describe the asset as a store of value, gold advocate Peter Schiff said such participants do not actually seek wealth storage, hunting instead for profit.

A known gold enthusiast, financial commentator Peter Schiff said Bitcoin (BTC) holders are not actually looking to the asset as a storage of wealth — one of the most commonly touted use cases surrounding the coin.

"I buy gold as a way to store my wealth, as a conservative place to keep liquidity, as opposed to keeping it in dollars or some other fiat currency," Schiff told interviewer Peter McCormack, host of the What Bitcoin Did podcast, during a July 17 episode. "I do think that when people are buying Bitcoin, they're really not looking for that," Schiff added.

Bitcoin buyers want gains
The crypto and blockchain industry commonly refers to Bitcoin as a store of value or place to park wealth. The asset has also received a number of comparisons against gold. According to Shiff, however, BTC owners actually want profit, not steady wealth protection against inflation.

https://cointelegraph.com/news/bitcoiners-are-not-looking-for-a-store-of-value-gold-bug-adam-schiff-says

[bigcash2011]

Every investor wants profit so even if he is investing in btc or gold the purpose remains the same so i do not agree with his argument, he may be right for 1% of people but 99% people who invest look to do so for gains.