Gold is stealing the spotlight as it rockets past $3,300 to reach a new all-time high, reigniting investor enthusiasm and fueling a heated debate about the future of digital assets—particularly Bitcoin. With precious metals shining brighter than ever and crypto facing downward pressure, some analysts are urging investors to take a hard look at where they’re parking their money.
At the forefront of this renewed debate is outspoken gold advocate Peter Schiff, who’s doubling down on his long-held belief: sell your Bitcoin, buy gold. Schiff’s warnings come as Bitcoin, once the darling of digital investment, stumbles into a rocky start to 2025, while gold breaks through resistance levels with surprising momentum.
According to Google Finance, gold soared to $3,296.74 today, officially surpassing its previous all-time high and capturing the attention of global investors. The rally has been fueled by growing economic uncertainty, geopolitical tensions, and a weakened tech sector.
Gold’s climb wasn’t without volatility. In early April, prices dipped briefly from $3,131.08 to $2,980.78 amid trade policy tensions tied to U.S. President Donald Trump’s aggressive tariff strategy and a temporary 90-day trade truce with certain countries. But by April 8, the market formed a long-legged Doji candlestick on the daily chart—typically a sign of indecision. That indecision didn’t last long.
From April 9 to 11, gold jumped more than 8.5%, reinforcing bullish sentiment and positioning the precious metal as a safer store of value amid broader market shakiness. Investors are now watching closely as the metal continues to gain steam, with several analysts predicting that the rally could extend well into Q2.
Meanwhile, Bitcoin is faltering. The world’s largest cryptocurrency has dropped below $83,380, marking a 2.6% decline in the last 24 hours. Since peaking earlier this month, Bitcoin has lost 5.87%, and it’s now trading more than 23% below its all-time high of $109,000.
This year has been especially harsh on BTC holders. The first quarter of 2025 saw Bitcoin tumble by 11.7%, a stark reversal from the same period in 2024, when the asset surged by nearly 69%.
Gold’s strength in the face of Bitcoin’s decline has prompted critics like Schiff to go on the offensive.
Peter Schiff has long positioned himself as a critic of Bitcoin and an evangelist for gold. With gold’s recent rally, he’s using the moment to issue a clear directive to investors: now’s the time to exit Bitcoin and embrace gold.
Backing up his claim is the impressive performance of gold mining stocks, which have dramatically outperformed not only crypto but also the broader tech sector. According to Yahoo Finance, the average return across gold sector companies in the last 30 days is +16.69%. Year-to-date (YTD), these stocks have soared +47.16%, while the 12-month return stands at +60.29%.
Notable performers in the space include:
AngloGold Ashanti: +89.90% YTD
Newmont Corporation: +46.64% YTD
Royal Gold Inc: +40.31% YTD
Seabridge Gold Inc: +9.20% YTD
Idaho Strategic Resources Inc: +78.41% YTD
By contrast, the U.S. tech sector has slumped with a YTD loss of -14.56%, signaling a shift in investor sentiment away from high-growth tech and crypto toward traditional safe havens like gold.
Schiff hasn’t spared crypto advocates either. In particular, he took aim at Michael Saylor, co-founder of MicroStrategy, which holds a staggering 528,185 BTC, valued at over $44 billion. Back in December 2024, Saylor called on major U.S. companies like Microsoft to adopt Bitcoin accumulation strategies.
While Schiff insists that Bitcoin could plummet to as low as $10,000, the irony lies in MicroStrategy’s stock performance. Despite his criticism, the company’s shares have actually outperformed many tech peers, rising 147.78% over the past year and 7.29% YTD.
Still, Schiff argues that MicroStrategy’s success is the exception, not the rule—and that Bitcoin’s volatility and regulatory risks continue to outweigh its potential.
With gold breaking records and Bitcoin stumbling, many investors are asking the same question: is it time to pivot?
The argument for gold lies in its proven track record during periods of uncertainty. It’s tangible, widely accepted, and deeply rooted in financial markets. On the other hand, Bitcoin—while revolutionary—still faces challenges, including regulatory scrutiny, high volatility, and a lack of mainstream adoption in key institutional sectors.
Yet, some market watchers remain bullish on Bitcoin’s long-term potential, arguing that corrections are healthy and that BTC could still rebound in the second half of the year—especially if macroeconomic conditions stabilize or if institutional buying resumes.
The gold vs. Bitcoin debate is far from settled. Right now, gold is clearly in the driver’s seat, with rising prices, surging mining stocks, and growing investor interest. Bitcoin, meanwhile, faces a tough road ahead, and critics like Peter Schiff are using the current climate to argue their case.
Whether you’re a gold bug, a crypto believer, or somewhere in between, one thing is certain: 2025 is shaping up to be a pivotal year for both assets.
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