Peter Schiff: Gold and Bitcoin react differently to economic data

ACCORDING TO PETER SCHIFF, GOLD AND BITCOIN ARE DISTINCT ASSET CLASSES, SO THEY RESPOND DIFFERENTLY TO THE SAME ECONOMIC NEWS. AFTER THE RELEASE OF CPI DATA, GOLD ROSE BY 1.5 PER CENT, WHILE BITCOIN FELL BY 0.4 PER CENT. THIS CPI DATA IS IN LINE WITH EXPECTATIONS AND DOES NOT INCREASE THE POSSIBILITY OF A SEPTEMBER INCREASE。