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Bitcoin falls as gold and silver rise amid war-driven inflation, challenging its 'digital gold' status.

Market News
11 Aug 2026
Bitcoin
View Source
Bearish
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Peter Schiff argues that Bitcoin is acting as the opposite of gold amid rising war-driven inflation fears, with gold and silver prices climbing while Bitcoin's value falls below $64,000. He highlights a significant divergence in returns this year, with gold and silver up and Bitcoin down, suggesting Bitcoin never behaved like digital gold. Schiff attributes the metals' strength to geopolitical risks and inflation pressures, while Bitcoin continues to underperform other major assets. This ongoing debate questions Bitcoin's role as a safe haven compared to traditional precious metals.

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