Bitcoin's recent crash has raised questions about its ability to act as a hedge in times of geopolitical conflict. A precious metals analyst compared Bitcoin to gold and concluded that Bitcoin's performance as "digital gold" has been disappointing. The analyst suggests that investors should return to physical gold and silver before realizing they are holding "gambling tokens." Bitcoin was also expected to rally in October but has instead experienced losses and is likely to correct further. Some Bitcoin proponents argue that it has the potential to rival gold in the long term, but economist Peter Schiff questions this rationale. Meanwhile, gold has been surging higher in anticipation of possible growth and has not shown signs of a top formation. However, analysts are cautious about a potential correction and warn of a black swan event in the market.



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