{"id":23289,"date":"2025-04-23T03:01:34","date_gmt":"2025-04-23T03:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23289"},"modified":"2025-04-23T03:01:34","modified_gmt":"2025-04-23T03:01:34","slug":"golds-about-to-explode-economist-says-but-can-bitcoin-keep-up","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23289","title":{"rendered":"Gold\u2019s About To Explode, Economist Says\u2014But Can Bitcoin Keep Up?"},"content":{"rendered":"
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Gold shone to a record peak yesterday to a little over $3,400 an ounce as investors get jittery about the economy. The increase comes as the US dollar retreats to a three-year low and tensions between large economies rise, especially from the US-China trade front.<\/p>\n

Gold Soars As Dollar Weakens And Trade Wars Heat Up<\/h2>\n

Based on market numbers, gold\u2019s price<\/a> spike to $3,430 mirrors increasing worry among investors regarding inflation and the world\u2019s economic stability. The precious metal, traditionally regarded as a safe haven in times of uncertainty, has the potential to breach $3,500 in the middle of the year if trends persist, analyst said.<\/p>\n

Economist Peter Schiff, an advocate for investments in gold over the years, recently tweeted that the price of the yellow metal could go higher still if interest rates are slashed by the Federal Reserve. According to Schiff, gold\u2019s value will appreciate based on its tangible form and rarity.<\/p>\n

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Gold jumping above $3,400 is a clear market signal that the Fed needs to raise interest rates. Yet everyone, including Trump, is calling for the Fed to cut them. The Fed will likely ignore gold\u2019s warning and cave to the pressure to cut. That policy mistake will send gold soaring.<\/p>\n

\u2014 Peter Schiff (@PeterSchiff) April 21, 2025<\/a><\/p>\n<\/blockquote>\n

Numerous investors are removing funds from volatile assets and diverting them towards gold, building up the commodity\u2019s status as a solid form of investment amidst choppy market conditions, according to reports.<\/p>\n

Schiff Warns Of Potential Economic Collapse<\/h2>\n

Schiff has issued a warning regarding the US economy, connecting new tariff proposals to a potential recession. He cautioned investors to brace for a steep market decline, stating that the shares are still overvalued despite recent drops.<\/p>\n

He also issued a dire warning that if there is a recession, the United States may experience its worst economic downturn since the Great Depression. He implied that even a 50% market collapse may not accurately represent how bad things might become.<\/p>\n

<\/p>\n

Bitcoin Climbs Despite Ongoing Criticism<\/p>\n

As gold makes the headlines, Bitcoin<\/a> crept up to $86,885, rising by 2.80% as per the data by Coingecko. The digital currency registered a four-week record from recent trading sessions, CoinMarketCap data shows.<\/p>\n

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A month ago on Mar. 6th, Trump established the Strategic Bitcoin Reserve. So far, the value of the Bitcoin held in that reserve has declined by over 12%. Had the U.S. sold it and added to our gold reserve, not only would we have avoided that loss, but we would now have a 2% gain.<\/p>\n

\u2014 Peter Schiff (@PeterSchiff) April 7, 2025<\/a><\/p>\n<\/blockquote>\n

Not everybody views the growth of Bitcoin as sustainable. Schiff is very much opposed to the cryptocurrency, shooting down a proposal to include Bitcoin in national reserves after the coin recently fell by 12% in value.<\/p>\n

Schiff pointed out that while gold regularly swings between 10-20% a year, Bitcoin regularly varies by more than 50%, and so is too volatile in his opinion.<\/p>\n

\"\"<\/p>\n

Some Experts Remain Bullish On Crypto\u2019s Future<\/p>\n

Despite the criticism, some market watchers remain positive about Bitcoin\u2019s prospects. Jan3 CEO Samson Mow believes that Bitcoin could reach $1 million<\/a> much sooner than his previous forecast of 2031.<\/p>\n

Adding fuel to the bullish narrative, Strategy, headed by Michael Saylor<\/a>, recently bought 6,556 Bitcoin for $555 million. The stock of the company has rebounded since the announcement, indicating ongoing institutional faith in cryptocurrency as a potential hedge against inflation.<\/p>\n

Meanwhile, \u2018Rich Dad Poor Dad\u2019 author Robert Kiyosaki believes Bitcoin could reach between $180,000 and $200,000 this year, citing economic uncertainty and the world\u2019s leading crypto\u2019s fixed supply as supporting factors.<\/p>\n

Featured image from Vaulted, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold shone to a record peak yesterday to a little over $3,400 an ounce as investors get jittery about the economy. The increase comes as the US dollar retreats to a three-year low and tensions between large economies rise, especially from the US-China trade front. Gold Soars As Dollar Weakens And Trade Wars Heat Up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23289","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23289"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23289\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}