Peter Schiff Warns Bitcoin Is No Hedge Against Inflation Despite Recent Price Surge

Monicah W

Peter Schiff Warns Bitcoin Is No Hedge Against Inflation Despite Recent Price Surge

Peter Schiff has questioned Bitcoin’s role as a hedge against inflation, stating that its recent trading patterns do not support the claim. Schiff, known for his strong stance on gold, argued that Bitcoin continues to behave more like a tech stock than a store of value.

Peter Schiff Criticizes Bitcoin’s Inflation Hedge Narrative

Amid ongoing economic uncertainty in the US, Peter Schiff has renewed his skepticism toward Bitcoin’s utility as a hedge against inflation. According to Schiff, recent price action shows that Bitcoin still mirrors the behavior of tech stocks rather than that of gold.

“Bitcoin has not decoupled from the NASDAQ,” Schiff said in a recent post, adding that investors concerned about inflation should focus on gold instead. He argued that Bitcoin lacks the stability needed to serve as a reliable store of value and remains susceptible to broader market swings.

Peter Schiff also noted that the rise in Bitcoin’s price appears more related to investor speculation and macroeconomic developments than to intrinsic monetary properties. He continued to warn that Bitcoin may not offer the same long-term protection for wealth as traditional safe-haven assets.

Senator Lummis Links Bitcoin to National Debt Relief

Senator Cynthia Lummis has also entered the discussion by connecting Bitcoin adoption to broader economic policy. In a public statement, she endorsed the BITCOIN Act as a possible solution to address the United States’ $36 trillion national debt.

According to Lummis, the current administration has shown willingness to consider digital assets, and thus passing the BITCOIN Act is “the only solution to our nation’s $36T debt.” Even with limited details, the proposal marks growing interest by policymakers in exploring alternative financial systems.

Lummis, known for her pro-Bitcoin stance, has consistently supported legislative efforts that encourage adoption and regulatory clarity. However, while MicroStrategy (MSTR) announced a first quarter 2025 loss of $16.49 per share stemming from a $5.9 billion writedown from the drop in price in Bitcoin earlier this year.

However, MicroStrategy remains one of the largest corporate holders of Bitcoin and says it is willing to grow its holdings. To point to long term value in the asset, Saylor said he intended to raise up to $84 billion to acquire additional Bitcoin.

Market Conditions Boost Bitcoin’s Momentum

Bitcoin price rose over 14% in April, benefiting from easing inflation data and growing expectations of interest rate cuts. The PCE inflation rate came in at 2.3% year over year, reinforcing the view that the Federal Reserve may consider lowering interest rates in upcoming meetings.

Moreover, US President Donald Trump recently urged Federal Reserve Chair Jerome Powell to cut interest rates ahead of the next Federal Open Market Committee (FOMC) meeting. Trump claimed that there is “no inflation” and that current economic conditions warrant a looser monetary stance.

Analysts noted that Bitcoin’s performance continues to outpace traditional equity markets. While the S&P 500 has remained mostly flat, Bitcoin’s rise has been supported by easing trade tensions, favorable macro data, and renewed institutional interest.

Different Views from Peter Schiff’s on Bitcoin Role

Jurrien Timmer, Director of Global Macro at Fidelity, commented on Bitcoin’s dual characteristics, comparing it to both gold and speculative technology assets. Unlike Peter Schiff, he noted that Bitcoin can behave differently depending on broader financial conditions.

“Bitcoin has a Dr. Jekyll and Mr. Hyde personality,” Timmer said, explaining that it sometimes acts as hard money but also trades like a risk asset. He added that Bitcoin’s performance has historically been tied to growth in the global money supply and equity markets.

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Timmer also shared data showing a recent divergence between gold and Bitcoin based on their Sharpe ratios. He pointed out that gold currently holds a higher Sharpe ratio, indicating more consistent risk-adjusted returns, but suggested that Bitcoin could outperform again if liquidity conditions become more favorable.

According to Glassnode long-term holders continued adding over 254,000 BTC in recent months, demonstrating confidence. However, as BTC prices approach $99,900, the risk of increased sell-side pressure may rise.

The post Peter Schiff Warns Bitcoin Is No Hedge Against Inflation Despite Recent Price Surge appeared first on CoinGape.

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Top 3 Made In USA Coins For The Last Week of April

Made in USA coins like Solana (SOL), SUI, and Aerodrome Finance (AERO) are showing very different signals heading into the last week of April.

SOL is bouncing back with strong DEX volume, SUI is gaining ecosystem momentum despite price weakness, and AERO is under pressure as Base experiments with a new “Content Coins” narrative. From recovery rallies to ecosystem expansion and narrative shifts, each offers a unique setup to watch this week.

Solana (SOL)

Over the past seven days, Solana has climbed 6%, reclaiming the $130 level and reigniting bullish sentiment after correcting by 53% between February 7 and April 7.

This rebound positions Solana as one of the most important made in USA coins, trailing only XRP in visibility and market strength.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

Adding to the momentum, Solana has reclaimed the top spot in decentralized exchange (DEX) volume. According to DeFiLlama, Solana recorded $15.65 billion in DEX volume over the last week, outpacing Ethereum by nearly 50%.

If this positive momentum holds, SOL could challenge resistance at $147. A decisive break above that level may lead to further gains toward $160 and potentially $180.

However, if the rally stalls, support at $124 becomes critical. A drop below that could push prices down to $112, risking the recent recovery.

SUI

The SUI ecosystem has gained notable traction over the past few days, driven by a surge in meme coin activity and a spike in decentralized exchange (DEX) usage.

SUI reached $2.14 billion in DEX volume, placing it 6th among all chains and even surpassing Arbitrum’s daily volumes on several occasions.

Despite the ecosystem buzz, however, SUI’s price has struggled to keep up with the momentum.

SUI Price Analysis.
SUI Price Analysis. Source: TradingView.

Over the last seven days, SUI has dropped more than 9%, showing signs of a deeper correction. If the downtrend continues, it could test the key support at $2.02, with further downside toward $1.71 if that level breaks.

On the flip side, a bullish reversal could send SUI toward resistance at $2.28. A breakout there opens the door to $2.41, $2.54, and potentially $2.83 if the rally gains strength.

Aerodrome Finance (AERO)

Aerodrome, the leading decentralized exchange focused on the Base chain, has generated $6.38 million in fees over the past 30 days, solidifying its position as the backbone of Base’s DeFi activity.

Despite its dominance, AERO has been under pressure, falling over 10% in the last seven days and more than 20% in the last month.

At the same time, Base is pushing a new narrative centered around “Content Coins,” though some users argue they resemble meme coins more than a distinct innovation.

AERO Price Analysis.
AERO Price Analysis. Source: TradingView.

Base’s DEX volume has dropped 21% in the past week, but if the “Content Coins” trend gains traction, it could reignite interest in the ecosystem—and in AERO.

Should momentum return, AERO could climb to test resistance at $0.414, with potential upside toward $0.47 and $0.54 if the rally is strong.

On the downside, if bearish pressure continues, support at $0.36 is key. A breakdown there could lead to further losses toward $0.34 and possibly $0.28, making the coming weeks critical for AERO’s direction.

The post Top 3 Made In USA Coins For The Last Week of April appeared first on BeInCrypto.

Rumble Implements Bitcoin Strategy, Acquires $17 Million BTC

Rumble Implements Bitcoin Strategy, Acquires $17 Million BTC

Video-sharing platform Rumble has confirmed the purchase of a cache of BTC for $17 million, joining a growing list of firms embracing the asset. The purchase follows a blueprint to allocate a chunk of its corporate treasury to Bitcoin back in 2024.

Rumble Adds 188 BTC  To Its Corporate Treasury For $17.1 Million

According to a press release, Rumble has purchased around 188 BTC to its treasury in line with its plans to diversify its holdings. Per the statement, the video-sharing company splurged 17.1 million on the purchase at an average price of $91,000 per token.

Back in 2024, Rumble disclosed plans to allocate 20 million from its corporate treasury to pursue a Bitcoin accumulation strategy. With around $3 million left, there are plans that the company will continue to bolster its holdings at the discretion of management.

“We are excited to announce these purchases and allocation of Bitcoin as part of our treasury strategy as well as a larger strategic move as we further expand our ties to the crypto industry,” said Rumble CEO Chris Pavlovski.”

The latest purchase will serve as an inflation hedge for Rumble while confirming a broader push to embrace cryptocurrencies. President Trump’s executive order for Strategic Bitcoin Reserve is tipped to trigger increased corporate interest in BTC.

“These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” added Pavlovski.

Corporate Interest in BTC Rises To An All-Time High

Rumble’s decision to add BTC to its balance sheets comes on the heels of frenetic accumulation activity by corporations. Over 70 publicly listed firms are holding 650,000 BTC in their corporate treasuries, confirming rising institutional interest.

Strategy, with its impressive holdings, is raising $21 billion for BTC purchases through share sales.  MARA Holdings, Riot Platforms, and Metaplanet are steadily increasing the size of their Bitcoin holdings.

Aware of rising institutional interest, Bitwise OWNB ETF will provide exposure to companies holding at least 1,000 BTC via an index strategy.

The post Rumble Implements Bitcoin Strategy, Acquires $17 Million BTC appeared first on CoinGape.