The billionaire called Bitcoin an easy target for confiscation

➡️ Canadian billionaire Frank Giustra questioned Bitcoin's status as a 'safe haven'. In his opinion, it is easier to confiscate cryptocurrency than gold: transactions are traceable, and government BTC reserves mainly consist of seized coins.

🅱️ Giustra criticized the shifting narratives around Bitcoin — from a means of payment to 'digital gold' — and noted that in times of uncertainty, the asset behaves like a risky rather than a protective instrument. He cited the rise of gold amid geopolitical risks and the simultaneous decline of BTC.

📊 The billionaire also opposed aggressive FOMO marketing, pointing out the risks for retail investors, the high indebtedness of DAT companies, and the slowdown in inflows to ETFs. His position was supported by Peter Schiff, who reiterated the weakness of Bitcoin as a protective asset.

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