The Ongoing Debate: Bitcoin vs. Gold Amid Market Turmoil

In the wake of the recent equity market collapse on April 7, known as "Black Monday," veteran economist Peter Schiff has reignited discussions about the viability of digital assets during financial crises.

Schiff took to X (formerly Twitter) to assert, “#Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.” This statement comes as global markets face heightened volatility and economic uncertainty, particularly following US President Trump’s unexpected 90-day pause on new trade tariffs.

As $BTC plummeted over 27% since the beginning of the year, Schiff has emphasized his preference for gold over cryptocurrencies. He criticized the newly established US Strategic Bitcoin Reserve, which has already lost more than 12% of its value since its launch on March 6, suggesting that a gold investment would have yielded a 2% gain in the same timeframe.

Ethereum has also experienced a significant decline, dropping nearly 20% overnight and briefly falling below $1,500. Schiff predicts it may soon dip below the crucial $1,000 mark, a level not seen since mid-2022.

In contrast, gold stocks surged by 5%, reinforcing Schiff’s argument that traditional safe havens outperform digital assets during economic crises. As Treasury yields spiked and the US dollar weakened against major currencies, the debate over the role of Bitcoin and other digital assets in economic downturns has intensified. #BTCRebound #TariffsPause