News 
Coin Information 
About us 
Customer Service 
The long-standing debate between gold and Bitcoin (BTC) has reignited after economist Peter Schiff criticized Bitcoin’s recent performance. Schiff argued that Bitcoin cannot yet be considered “digital gold” nor a valid alternative to the U.S. dollar, citing its recent 32% decline against gold since August. He described the trend as a “de-bitcoinization” phase, claiming investors are losing faith in BTC’s long-term value.
Schiff asserted that Bitcoin’s inability to maintain its value proves that gold remains the superior hedge against monetary instability. “Gold is eating Bitcoin’s lunch,” Schiff wrote, urging investors to sell their “fool’s gold” and move into physical gold instead. He further warned that Bitcoin could be “rugged by gold,” doubling down on his belief that the precious metal will always outperform the cryptocurrency as a store of value.
However, Binance founder Changpeng “CZ” Zhao challenged Schiff’s argument, calling his comments “Peter revenge.” CZ emphasized Bitcoin’s 16-year track record, noting that while gold may outperform BTC occasionally, such short-term trends represent only “about 1%” of Bitcoin’s history. He highlighted Bitcoin’s rise from $0.004 to $110,000 as evidence of its long-term strength, citing adoption growth and limited supply as key drivers of future value.
Analyst Ted Pillows added a technical view, noting that Bitcoin’s 200-day moving average near $107,000 is critical support. A drop below this level could push prices toward $100,000 or even $90,000. Despite short-term volatility, he expects strong institutional and retail buying around the $100,000 mark, supported by recent purchases from firms like Michael Saylor’s Strategy.
Market sentiment remains cautious. According to Polymarket, the probability of Bitcoin reaching $130,000 in 2025 has dropped to 43%, reflecting waning short-term optimism. As of now, BTC trades near $108,392, down 2.18% daily and 12.18% for the week.
Comment 0