Peter Schiff Criticizes Bitcoin, Calls It a Risk Asset, Not Digital Gold
In a fresh jab at Bitcoin, prominent gold advocate and economist Peter Schiff pointed to diverging market behavior between gold and the leading cryptocurrency, arguing that Bitcoin continues to act like a risk asset, not a safe-haven store of value.
In a tweet posted early Monday morning, Schiff commented on the market reaction as U.S. stock futures and the dollar both sold off. While gold rose about 1%, Schiff noted that Bitcoin declined by roughly 2%, reinforcing his long-held stance that Bitcoin cannot be considered “digital gold.”
“Tonight U.S. stock futures and the dollar are both selling off. But once again gold and Bitcoin are going in opposite directions,” Schiff wrote. “Gold is acting like a safe haven… Bitcoin is trading like a risk asset… Clearly Bitcoin is not digital gold.”
Schiff’s comments echo a familiar narrative: that Bitcoin, often compared to gold for its fixed supply and decentralized nature, fails to perform like a true hedge in turbulent macroeconomic conditions.
This divergence comes at a time when investors are closely watching correlations between traditional assets, cryptocurrencies, and inflation hedges amid growing global uncertainty.
As market volatility persists, Schiff’s tweet adds to the ongoing debate over Bitcoin’s role in diversified portfolios—and whether its comparison to gold remains warranted.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
