On Sunday, Peter SchiffA well -known critic of Bitcoin BTC/USDemphasized the inequality between Gold’s record -high prices and the current appreciation of Bitcoin.
Why is Bitcoin even ‘digital gold’
Schiff wondered why Bitcoin, often called ‘digital gold’, will remain more than 13% under his peak from November 2021. He also pointed to the extensive hype, government support and business investments in Bitcoin, but is still lagging behind his previous highlights when they are measured against gold. Schiff’s comments come when the gold prices rise and new records set.
Schiff on Bitcoin’s Store of Value options
Schiff’s comments were made on the social media platform X, where he often shares his views on economic affairs. One of his newest posts drawn attention to the contrasting routes of gold and bitcoin, in which he questioned the status of the latter as a reliable store for value.
The observations of Schiff are important because they come in the midst of continuous debates about the role of Bitcoin in the financial system. Despite the substantial growth of Bitcoin, Schiff has consistently pronounced skepticism about long -term viability. He recently predicted the potential decrease in Bitcoin to $ 75,000, advising investors to sell and buy back at lower prices.
Schiff’s perspective on Bitcoin’s underperformance compared to traditional assets such as gold and shares is further elaborated in a Benzinga article, where he warns that the “bell” of the cryptocurrency momentum is losing.
Cut out of gold standard
Moreover, Schiff has been pronounced about the US economic situation, which links the current tax challenges to historical decisions such as the Golden Standard Exit of 1971. In another report Benzinga he criticized the increasing national debt and its implications for the economy.
At the time of writing, Spot Gold was seen with 0.22% lower at $ 3,439.32. The precious metal has risen by 4.56% for more than a month and has risen 31.1% over a year to date. Benzinga Pro Data indicates that Bitcoin fell to $ 108.217.42 for 24 hours for 0.9%. More than 30 days have fallen 4.9%and on an annual basis it was won 15.9%.
Bitcoin in particular became a record high of $ 124,457.12 on 14 August 2025 and currently acts 13% under those levels, as stated by Schiff.
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Photo with thanks to: Jade Thaicatwalk on Shutterstock.com
This story was generated with the help of Benzinga Neuro and edited by Shivdeep Dhaliwal
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