Economist Peter Schiff criticized Bitcoin again, questioning its title of "digital gold" after it fell by 2% following the Israeli military strike on Iranian facilities, while gold rose by 0.85%. Schiff pointed out that Bitcoin follows the trend of traditional markets instead of being a safe haven like gold, which increased by 30% in 2025. He also mentioned that Bitcoin is down by 15% compared to its peak in 2021 when measured against gold, considering this evidence of a bubble burst, where the big players (whales) are selling to late investors who will lose. Despite Bitcoin reaching new record levels, Schiff insists it has not kept up with gold's performance.
