
Fiscal Irresponsibility Shatters the Debt Ceiling - Ep 897
The Peter Schiff Show Podcast
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The Grayscale Bitcoin Trust Fell 5.5% on the Month
The Grayscale Bitcoin Trust, which normally has a very strong correlation with the Arc ETF Innovation, it fell 5.5% on the month. So Bitcoin seems to have the couple from the tech story, right? It's going down, not up. Now some people think, well, no, it's now correlated with gold. Not really. I mean, gold was only down 1.3%. But this shouldn't be happening. The environment that we're in right now is very bullish for gold stocks. And it's actually bearish for tech stocks.
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