Peter Schiff Dismisses BTC Rally To $115,000: ‘How Is Bitcoin Digital Gold?’
Posted On October 27, 2025
Gold advocate Peter Schiff reignited debate over Bitcoin’s (CRYPTO: BTC) status as “digital gold,” questioning how it can serve as gold’s modern counterpart when the two assets move in opposite directions.
What Happened: In his latest critique on Monday, Schiff mocked Bitcoin’s rally amid a gold decline following upbeat U.S. trade news.
In response, David Gokhshtein challenged Schiff to a public debate and offered to buy a gold bar from Schiff’s company using Bitcoin if Schiff could back his claims with real data.
Analyst Tomer Benami clarified the dynamic, noting that from 2009–2023, both assets rose as real yields fell and central bank balance sheets expanded.
While gold acts as a hedge against rising …
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