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RVN, the native token of Ravencoin, a blockchain dedicated to creation and peer-to-peer transfer of assets, saw an astronomical surge of 94% just hours after it was listed on Upbit exchange, even as Bitcoin dropped below $105,000 on Thursday. Upbit exchange announced listing of Ravencoin on Wednesday with 5 pm Korean Standard Time (KST) as
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The post Bitcoin or Gold? Schiff Says Central Banks Have Made Their Choice appeared first on Coinpedia Fintech News
The age-old debate between Bitcoin and gold is heating up again and economist Peter Schiff wants to weigh in.
In a recent X post, Schiff, a staunch Bitcoin critic, spotlighted the growing trend of central banks worldwide stocking gold reserves, strengthening their timeless value amid global economic uncertainty.
With geopolitical uncertainties, crypto scams, and shifting economic policies moving demand, Schiff claims gold’s stability, Trump’s pro-crypto policies, and Bitcoin’s volatility, sparking fresh discussion among investors.
In Schiff’s latest commentary, he took a direct jab at Bitcoin advocates by asking: If Bitcoin is the future, why are central banks betting on gold to replace the dollar?
That question cuts to the heart of an ongoing shift in the global financial system. With fears of U.S. dollar devaluation and escalating geopolitical risks, foreign central banks are turning to gold – not crypto – as their hedge. According to a Reuters report, central banks are now buying more than 1,000 metric tons of gold annually – double the average of the previous decade.
And the momentum isn’t slowing down.
Michael Widmer, a strategist at Bank of America, says emerging market central banks currently hold just 10% of their reserves in gold but should be targeting 30% for greater financial protection.
Peter Schiff also ties this growing demand for gold to the current U.S. administration. With President Donald Trump back in office and pushing aggressive tariff policies, countries are looking to shield their economies from potential fallout.
As the dollar weakens, the appeal of gold rises. And in times of uncertainty – from trade wars to banking collapses – central banks want assets that stand the test of time.
Russia has been ahead of the curve. Between 2014 and 2020, the Russian central bank hoarded gold to buffer itself from Western sanctions. Today, its Ministry of Finance is reportedly continuing that accumulation – buying from domestic producers and quietly strengthening reserves.
This playbook is being adopted by other emerging economies as well, reinforcing Schiff’s argument that gold’s legacy value is far from obsolete.
So, if Bitcoin truly is the future, why aren’t central banks buying it?
Schiff didn’t stop at praising gold. He also took a swing at Bitcoin’s unpredictability. He warned that American investors – who collectively hold nearly half of all Bitcoin – may be in for a rude awakening as the price swings continue and global institutions remain cautious.
At the time of writing, gold trades at $3,357.4 per ounce, up 1.82% for the day but slightly down over the month. Meanwhile, Bitcoin is priced at $108,148 – down 2.31% in the last 24 hours, though it’s seen a 17% jump over the month.
Despite the short-term surge, Schiff argues that Bitcoin lacks the long-term security central banks crave.
Not everyone agrees with Schiff’s stance. CNBC’s Ran Neuner recently suggested that Bitcoin could outperform gold in the long run as a safe-haven asset – especially amid advancements in blockchain tech and increasing institutional adoption.
But Schiff remains skeptical. He also criticized the growing use of stablecoins in the U.S., pointing to the regulatory fog.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Bitcoin or Gold? Schiff Says Central Banks Have Made Their Choice appeared first on Coinpedia Fintech News
The age-old debate between Bitcoin and gold is heating up again and economist Peter Schiff wants to weigh in. In a recent X post, Schiff, a staunch Bitcoin critic, spotlighted the growing trend of central banks worldwide stocking gold reserves, strengthening their timeless value amid global economic uncertainty. With geopolitical uncertainties, crypto scams, and shifting …
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Ethereum price plunges below $1,600 on Tuesday, with ETH conceding more ground to BTC amid multi-chain expansion and rising macro pressure. With ETH price at risk of a potential slide to multi-year lows, here are key levels traders must watch in the days ahead.
Ethereum (ETH) is facing increasing headwinds as its market share among Layer-1 chains continues to erode, now approaching historic lows last seen during the 2021 altcoin supercycle.
Ethereum is facing bearish headwinds this week as competition among Layer-1 chains continues to erode, ETH market share. While Ethereum price is holding above the $1,590 level at press time, key trading signals suggest ETH could be at risk of plunging towards historic lows last seen during the 2021 altcoin supercycle.
ETH’s latest sell-off intensifies just one week after former President Donald Trump repealed a Biden-approved law, mandating DeFi platforms to adhere to stringent KYC measures required of registered brokers.
Interestingly, the abrupt rollback—aimed at curbing what Trump called “bureaucratic overreach”—has instead spooked capital, accelerating outflows from Ethereum-based protocols.
With rising competition from faster, cheaper alternatives like Solana, Avalanche, and Base, Ethereum’s share of total value locked (TVL) and network activity has declined to under 55%, down from over 70% at its peak.
Despite the successful rollout of Ethereum’s Dencun upgrade in March 2025, on-chain activity has remained tepid. Gas fees have stabilized at lower levels, but that has not translated into renewed demand. Daily active addresses and transaction counts are plateauing, while Ethereum L2s like Arbitrum and Optimism have absorbed increasing volume, inadvertently siphoning activity away from the base layer.
Meanwhile, capital rotation into Solana and emerging EVM-compatible ecosystems has led to a fragmentation of liquidity, diluting Ethereum’s dominance in both DeFi and NFT verticals.
According to DeFillama data, investors have withdrawn over $12 billion from Ethereum DeFi protocols since the start of March 2025.
Ethereum’s underperformance is further highlighted in its ETH/BTC trading pair, which has now declined below the 0.02 level, a psychological threshold watched closely by strategic investors.
The continued strength of Bitcoin’s dominance—now hovering above 54%—suggests capital is rotating out of altcoins and into more defensive majors as positive headwinds from US inflation data subsides.
With the SEC yet to provide a regulatory model from Ethereum’s staking model, spot ETH ETF continue to face rapid outflows, as sentiment around ETH remains fragile. While US inflation eased macro pressures, investors remain jittery anticipating the impact of the US-China trade war on stock prices.
As Ethereum’s market share relative to Bitcoin near all-time lows and bullish sentiment weakens,technical indicators reveal key support levels to watch in the days ahead.
Ethereum long-term price forecast prospects remain strong due to its global developer network and media dominance, short- to medium-term price action suggests vulnerability. Unless ETH can reclaim the $2,200 level with strong volume and improve on-chain fundamentals, the downside target near $1,100 may become an increasingly realistic scenario.
Hovering around $1,642, ETH price is trading at 31% discount from March highs, with a potential drop to $1,100 flagged by the measured move of a bear flag breakdown. However, the RSI at 42.45 suggests ETH is near oversold territory, hinting at possible short-term support near $1,385. While the 50-, 100-, and 200-day SMAs remain in a clear bearish alignment, the current consolidation pattern shows ETH trying to stabilize.
In this scenario, a bullish Ethereum price forecast would require a breakout above $1,730. Conversely, failure to hold $1,597 risks confirming the $1,100 downside target.
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