The 2025 crisis has once again raised questions about Bitcoin's status as a safe haven asset. Economist Peter Schiff argues that gold is a more reliable alternative.
Bitcoin and Gold in Times of Crisis
Economist Peter Schiff, a well-known advocate for gold, criticized Bitcoin's stability during the 2025 financial crisis. He argues that the claim of Bitcoin as 'digital gold' is misleading. Bitcoin fell below $80,000, while gold surged to a record price of over $3,175.
Central Banks Boost Gold Reserves
Gold continues to rise in value as central banks and institutions shift reserves to gold. This highlights the market's retreat to traditional safe havens during instability. Bitcoin's decline and the U.S. Bitcoin Reserve's fall by 12% since its launch have fueled skepticism over its role as a safe haven.
Gold Retains Value Better Than Bitcoin during Crises
Historically, during economic turmoil such as the crises of 2008 and 2020, gold maintained or increased in value, while Bitcoin's volatility raised questions about its safety. Experts suggest this trend could continue, indicating a potential preference for gold over digital assets in future crises based on historical data and current market behavior.
The discussion about Bitcoin's stability as a safe haven asset has once again become relevant amid economic challenges. Currently, gold continues to be a more reliable means of preserving value.
