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

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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Strategy skips Bitcoin buy, spends $139M repurchasing STRC preferred stock instead

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Strategy chose not to buy more Bitcoin between Sept. 8 and 13, instead spending $139.3 million to repurchase 1.42 million shares of its STRC preferred stock. The company holds 845,050 BTC, worth about $63.73 billion at an average cost of $75,412 per ...

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Bitcoin recovered to about $78,100 as markets anticipate interest rate decisions from the Federal Reserve, Bank of England, and Bank of Japan this week. Traders expect an 87% chance of a 0.25% rate hike by the Fed on Wednesday, with the BOE likely to...

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