The post Peter Schiff uses ChatGPT to fight Bitcoin appeared on BitcoinEthereumNews.com.

It looks like no one will ever convince Peter Schiff that Bitcoin is a good investment that belongs in the same category as gold. The Bitcoin critic has turned to ChatGPT to argue that BTC is not digital gold. In a recent tweet on X, Peter Schiff says, “It didn’t take me long to get ChatGPT to agree that Bitcoin is not digital gold, demonstrating that artificial intelligence can change its mind when confronted with logic.” That sentiment has brought about two-sided arguments on what BTC is and is not. People on the other side of the argument have called AI out for inaccuracy, with one user noting, “AI is actually pretty crappy right now, Peter. It’s easy to get it to say what you want.” Source: X Market investors continue to point out that Peter Schiff is indirectly obsessed with Bitcoin. Other crypto investors turned to GROK on the same argument, but the answers differ. Elon Musk’s GROK says, “Ultimately, whether gold or Bitcoin is a better store of value depends on your investment horizon, risk tolerance, and belief in the future of digital currencies versus traditional assets. Both assets serve different investor psyches and economic environments, making the choice subjective to individual or institutional needs and visions for the future.” Bitcoin vs. Gold weekend market performance Both BTC and Gold are doing well this weekend. Gold rose by more than 1.2% on Friday, with the yellow metal expected to end the week with moderate gains of 0.22%. This follows the inflation data released on Friday and the Consumer Price Index (CPI) report on Thursday that restricted the Greenback’s rise.  At the time of writing, XAU/USD was trading at $2,656. Analysts predict gold will hit $2700, but if it loses momentum, the metal will trade below $2600. Toward the…

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Filed under: News - @ October 12, 2024 11:26 am