peterschif

Peter Schiff recently posted the question on X (formerly Twitter) why, if gold is the past and Bitcoin is the future, foreign central banks continue to swap their U.S. dollar reserves for gold rather than digital money. This is an excellent point regarding the continued migration away from how nations are preparing for a world in which the dollar may no longer be the dominant currency. Peter Schiff further said, as gold continues to be the choice, increasing evidence indicates that cryptocurrencies such as Bitcoin are emerging as the preferred option for most investors and governments in the future. 

Source: Peter Schiff
Growing Confidence in Digital Assets
Other recent events also answers the question raised by Peter Schiff. 
Robert Kiyosaki Prediction: He recently predicted that gold prices could rise to $25,000 per ounce, but currencies like BTC might soar even higher, reaching between $500,000 and $1 million. 
Under Top 5 Assets: The BTC has made huge progress. It is now one of the top five assets by market value globally as per the Companies Market Cap. The price hit the new all-time high of more than $111,000 recently. Big institutions are buying BTC so in coming years, if the buying continues then BTC will flip gold. 

 
Source: Companies Market Cap
Michael Saylor’s Consistent Purchases: Large investors are actively buying; for example, Michael Saylor’s company hold 576230 BTC, increasing their holdings to more than half a million coins valued at nearly $63 billion. 
ETF: Spot Bitcoin ETFs in the U.S. are seeing record-breaking inflows, showing rising interest from big investors and driving this currency closer to a new all-time high. 
Expert Analysis: Looking at the expert’s prediction, the world largest cryptocurrency second round has started. According to Ash Crypto, Bitcoin may hit $150k- $200K in coming timeframe. 

Source: Ash Crypto
Such moves show strong faith in digital assets as long-term investments. This also highlights the strong belief among experts like Peter Schiff that cryptocurrencies hold massive growth potential. 
The BTC is now trading at $108,321.32 with a slight decrease of 2.66% within a day, but looking at the last seven days it has increased by 5.17%. In the last month it has risen by 17.17% as per the CoinMarketCap. 
Governments Embracing Digital Reserves
U.S. states are beginning to take real steps toward officially adopting digital assets as part of their financial strategies. 
Texas: Texas is close to becoming the first state to allow government funds to be invested directly in cryptocurrencies. The new law Senate Bill 21, passed with 101-42 votes by the state House, to create a “Strategic Bitcoin Reserve” managed by the state comptroller. The fund’s goal is to help Texas manage inflation and economic uncertainty using innovative financial tools. 
North Carolina: North Carolina is also going ahead by allowing investments in funds related to crypto, though it does not permit direct purchases. They also passed House Bill 92 strategic Bitcoin Reserve Bill. These steps showcase a growing trend where governments acknowledge digital currencies as valuable tools to diversify their portfolio of holdings and safeguard public funds.
Why Bitcoin Over Gold?
The question by Peter Schiff depicts a fundamental distinction: gold has been considered as a safe deposit for centuries, but BTC has advantages that gold cannot. It is decentralized, easily transferable, and widely accepted at the global level. It is viewed as a new hedge against inflation and currency risk.
As central banks are keeping the huge reserves of gold, the industry experts are in consensus on the idea that digital assets are going to be the actual future for global currency. The scarce supply of bitcoin, its security, and increasing utility make it a natural fit for countries planning for an era beyond the dollar.
Looking Ahead
The globe is at a crossroads. Large investors and governments are beginning to accept Bitcoin not only as a speculative asset, but also as a strategic reserve, as evident by the tweet of Peter Schiff. As cryptocurrencies become more conventional, they may redefine the way that countries store and secure their wealth.
Bitcoin is the next stage in the evolution of money. It could soon sit alongside, or even supplant, gold as the ultimate global reserve asset. The future is with innovation and cryptocurrency is at the forefront.

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Peter Schiff is sounding the alarm on a potential historic financial shift, warning that the global markets are on the cusp of a significant change. Here are the key points from his prediction:
Gold Price Targets:
1- Short-term targets:🎯
$5,000 per ounce by Thanksgiving 2025 and $6,000 per ounce by Christmas 2025
2- Ultimate target:🎯
$100,000 per ounce, driven by the dollar's collapse
Reasons Behind the Prediction:
3- Rising national debt: 🎎
The US government's debt is growing rapidly, projected to hit $59 trillion by 2035
4- Inflation:🚀
Stubbornly high inflation is eroding the value of the dollar
5- Central banks:🏦
Global central banks are dumping dollars and hoarding gold, signaling a loss of confidence in the US currency
6- Gold's surge:🎁
Gold has broken $4,298 per ounce, with 45 new all-time highs in 2025
Investment Implications:
7- Gold as a safe-haven asset: 💰
Schiff believes gold will be a key beneficiary of the dollar's decline
8- Gold mining stocks: 📦
Potentially undervalued and poised for significant gains
9- Bitcoin vs. Gold: 📦
Schiff predicts gold will outperform Bitcoin, citing "de-bitcoinization" as investors seek safe-haven assets
Global Economic Implications:
1- Dollar collapse: 💸
Schiff warns of a potential sovereign debt and dollar crisis
2- Inflation: 💼
Expects inflation to spin out of control, driving investors to hard assets like gold
3- Global financial system: 💰
Warns of a potential reset in the global financial system, driven by the decline of the US dollar .#USBankingCreditRisk #Ripple1BXRPReserve #Write2Earn #PeterSchif $BTC $XRP $SOL

Prominent gold advocate and crypto skeptic Peter Schiff has issued a stark warning: that Bitcoin and other cryptocurrencies may be “rugged by gold” as the precious metal continues its aggressive rally.
What Schiff Means by “Rugged by Gold”
In his recent commentary, Schiff framed his view in the context of gold’s outperformance. As gold climbed above $4,000 per ounce, he argued that this strength could undercut Bitcoin, pressuring crypto markets and dragging down altcoins along with it.
Wall Street is so bullish on crypto that it’s hard to imagine it going much higher from here. Instead, it’s very likely that Bitcoin and everything crypto are about to be rugged by gold. As gold tops $4k, it’s likely that Bitcoin will sell off, taking the rest of crypto with it.— Peter Schiff (@PeterSchiff) October 7, 2025
He described Bitcoin’s recent gains as part of a bear-market rally that lacks the strength to overpower gold’s trend. Unless Bitcoin can outpace gold in its next leg, Schiff believes that gold’s momentum could “rug” crypto assets—that is, leave them trailing or exposed to downside.TradingView
Market Context & Recent Price Moves
Bitcoin had recently dipped more than 3% from its highs, falling to around $120,702 during intraday trading, as gold's rally gathered attention.
The crypto market’s weakness has been accompanied by significant on-chain transfers, including roughly $3.9 billion in coins moving across chains, coinciding with the market declines.
Schiff’s critique also includes his view that the U.S. Federal Reserve’s policies are misguided, and that gold’s rally signals deeper macro imbalances—further reinforcing his conviction about gold’s dominance in the current cycle.
Why This Matters to Investors
Relative outperformance: If gold continues to surge and BTC fails to keep pace, investors may rotate into gold—and away from crypto.Volatility risk: Schiff’s framing suggests that Bitcoin and altcoins are vulnerable if gold accelerates, especially for traders betting on further highs in crypto.Macro signals: The tension between gold and crypto often reflects broader capital flows, inflation expectations, and risk sentiment.
The post appeared first on CryptosNewss.com
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