Hold onto your hats, crypto enthusiasts! The ever-vocal Bitcoin critic, economist Peter Schiff, is back in the ring, and this time he’s swinging hard at the very core of Bitcoin’s popular narrative: its identity as ‘digital gold’. According to a recent CryptoPotato report, Schiff has doubled down on his skepticism, branding the ‘digital gold’ marketing of Bitcoin as nothing short of a ‘fraud’. But is there any merit to his claims, or is this just another round of FUD (Fear, Uncertainty, and Doubt) from a known Bitcoin bear? Let’s dive deep into Schiff’s arguments and unpack what this means for the future of Bitcoin and your crypto portfolio. Is Bitcoin Really ‘Digital Gold’ or Just a High-Risk Asset? Schiff’s central argument, voiced on a recent X podcast, is that while Bitcoin is touted as the digital equivalent of gold, its trading behavior tells a completely different story. He asserts that true precious metals, like gold, act as safe havens, especially during economic turmoil. However, Bitcoin, in his view, behaves more like a highly speculative tech stock – volatile, unpredictable, and far from a store of value. Here’s a breakdown of Schiff’s key points: ‘Digital Gold’ Narrative is Misleading: Schiff believes that marketing Bitcoin as ‘digital gold’ is a deceptive tactic. He argues that gold has intrinsic value and a long history as a safe haven asset, while Bitcoin is purely speculative. Lacks Use Case Compared to Tech Stocks: He contrasts Bitcoin with tech stocks, which, despite their risks, represent ownership in companies with potential future earnings and real-world business growth. Schiff questions Bitcoin’s fundamental utility and real-world application beyond speculation. Extreme Volatility: Schiff points out Bitcoin’s extreme price swings, arguing that true safe-haven assets should exhibit more stability, especially during economic downturns. He sees Bitcoin’s volatility as a hallmark of a high-risk asset, not a store of value. No Solid Backing: Unlike traditional assets or even tech stocks backed by company performance, Schiff argues that Bitcoin lacks tangible backing, making its value purely dependent on market sentiment and speculation. To illustrate his point, Schiff highlights the recent market trends. While gold often sees increased demand during periods of economic uncertainty, Bitcoin tends to fluctuate wildly, often mirroring the movements of risky assets like tech stocks. This, according to Schiff, directly contradicts the ‘digital gold’ thesis. MicroStrategy’s Bitcoin Bet: A Ticking Time Bomb? Schiff didn’t stop at just criticizing Bitcoin’s core narrative. He also cast a dark shadow over MicroStrategy, now known as Strategy, the publicly traded company infamous for its massive Bitcoin holdings. With a staggering 531,644 BTC in its treasury, MicroStrategy is arguably the most prominent corporate believer in Bitcoin. However, Schiff predicts a grim future for the company, forecasting eventual bankruptcy due to its aggressive Bitcoin strategy. Why such a dire prediction? Overexposure to a Volatile Asset: Schiff views MicroStrategy’s massive Bitcoin investment as reckless overexposure to an extremely volatile asset. He believes that any significant downturn in the Bitcoin market could severely impact the company’s balance sheet. Leveraged Bet: MicroStrategy has often used debt financing to acquire more Bitcoin, amplifying both potential gains and potential losses. Schiff sees this leveraged bet as incredibly risky, especially if Bitcoin’s price declines sharply. Business Model Reliance on Bitcoin: MicroStrategy’s stock price is now heavily correlated with Bitcoin’s price. Schiff argues that this dependence makes the company vulnerable and its stock a proxy for a highly speculative cryptocurrency rather than a stable business investment. While MicroStrategy’s CEO, Michael Saylor, remains a staunch Bitcoin advocate, Schiff’s warning raises serious questions about the risks associated with such concentrated exposure to a volatile asset, especially for publicly traded companies and their shareholders. Decoding ‘Digital Gold’: What Does It Actually Mean? The term ‘ digital gold ‘ has become synonymous with Bitcoin within the cryptocurrency community. But what does it really mean, and why is this narrative so powerful? Proponents of the ‘digital gold’ narrative argue that Bitcoin shares several key characteristics with gold: Scarcity: Just like gold is a finite resource, Bitcoin has a capped supply of 21 million coins, making it inherently scarce. This scarcity is often touted as a key driver of long-term value. Decentralization: Both gold and Bitcoin are seen as decentralized assets, outside the direct control of governments and central banks. This decentralization appeals to those seeking alternatives to traditional financial systems. Store of Value Potential: Historically, gold has been used as a store of value, preserving wealth over long periods. Bitcoin proponents believe it can serve a similar purpose in the digital age, acting as a hedge against inflation and economic instability. Portability and Divisibility (Digital Advantage): Unlike physical gold, Bitcoin is easily portable across borders and highly divisible, making it practical for digital transactions and storage in the modern world. However, Schiff and other critics argue that these similarities are superficial and that Bitcoin lacks the established history, stability, and real-world utility of gold to truly earn the ‘digital gold’ title. They emphasize the speculative nature of Bitcoin’s price movements and its vulnerability to market sentiment and technological disruptions. Investment Risk: Navigating the Volatility of Bitcoin Peter Schiff’s critique ultimately boils down to the concept of investment risk . He firmly believes that Bitcoin is a high-risk asset, unsuitable for those seeking a safe haven or a reliable store of value. Understanding and managing investment risk is crucial for anyone venturing into the cryptocurrency market, particularly with Bitcoin. Here are key considerations regarding investment risk in Bitcoin: Price Volatility: Bitcoin’s price is notoriously volatile, experiencing dramatic swings in short periods. This volatility can lead to significant gains but also substantial losses. Market Sentiment Dependence: Bitcoin’s price is heavily influenced by market sentiment, news cycles, and social media trends. This makes it susceptible to rapid shifts in investor confidence. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving globally. Changes in regulations can significantly impact Bitcoin’s price and adoption. Technological Risks: While the Bitcoin network is generally secure, technological risks like smart contract vulnerabilities in related platforms or potential quantum computing threats remain concerns. Lack of Intrinsic Value (Argument): Critics like Schiff argue that Bitcoin lacks intrinsic value, making its price purely speculative and dependent on continued demand. For investors considering Bitcoin, it’s essential to acknowledge these risks and approach it as a potentially high-reward, but also high-risk asset class. Diversification, risk management strategies, and thorough research are crucial for navigating the volatile world of Bitcoin and cryptocurrencies. Actionable Insights: Making Informed Decisions About Bitcoin So, what are the actionable takeaways from Peter Schiff’s critique and the ongoing debate about Bitcoin’s identity? Whether you agree with Schiff or remain a Bitcoin believer, here are some insights to guide your crypto journey: Do Your Own Research (DYOR): Don’t blindly follow narratives, whether it’s ‘digital gold’ or ‘fraud’. Conduct thorough research, understand the technology, the market dynamics, and the risks involved before investing in Bitcoin or any cryptocurrency. Risk Assessment is Key: Honestly assess your risk tolerance. Bitcoin is not for the faint of heart. If you are risk-averse, consider allocating only a small portion of your portfolio to cryptocurrencies, or perhaps avoid them altogether. Diversify Your Portfolio: Don’t put all your eggs in one basket, especially a volatile one like Bitcoin. Diversify your investments across different asset classes to mitigate risk. Understand Volatility: Be prepared for significant price swings. Don’t invest money you can’t afford to lose. Understand that Bitcoin investments can be highly speculative. Stay Informed: The cryptocurrency space is rapidly evolving. Stay updated on market trends, regulatory developments, and technological advancements to make informed decisions. Conclusion: Navigating the Bitcoin Narrative Peter Schiff’s persistent criticism of Bitcoin, particularly his ‘digital gold fraud’ claim, serves as a crucial reminder to approach the cryptocurrency market with a healthy dose of skepticism and critical thinking. While the ‘digital gold’ narrative has undoubtedly contributed to Bitcoin’s popularity, it’s essential to understand the nuances, risks, and differing perspectives. Whether Bitcoin ultimately proves to be ‘digital gold’ or simply a high-risk asset remains to be seen. However, informed investors who understand the complexities and volatility of Bitcoin are better positioned to navigate this exciting yet unpredictable asset class. The debate continues, and only time will truly tell the final chapter in Bitcoin’s story. To learn more about the latest cryptocurrency market trends, explore our article on key developments shaping Bitcoin price action.
Chainlink maintains a price above $12, attracting trader interest. Key resistance and support levels could influence LINK's trading dynamics. Continue Reading: Chainlink Price Holds Strong: What Lies Ahead for LINK Traders? The post Chainlink Price Holds Strong: What Lies Ahead for LINK Traders? appeared first on COINTURK NEWS .
Telegram is firing back with force, slamming false claims and exposing how French authorities only recently started playing by EU rules after misreporting its compliance. Durov Calls out Misinformation as French Police Only Followed EU Law After His Arrest Telegram founder Pavel Durov pushed back against a media narrative on Thursday, criticizing a French report
Momentum is building across the market as multiple assets show signs of trending toward new psychological levels. Bitcoin (BTC) , XRP , and the fast-growing altcoin MAGACOINFINANCE are all generating renewed excitement as analysts project potential moves toward the $1 milestone—each from very different angles. FINAL CALL — ACT NOW & SECURE YOUR SPOT! MAGACOINFINANCE – High-Conviction Momentum Before the Surge Right now, MAGACOINFINANCE is in a rare position—quietly building momentum while most of the market is still distracted. Traders who’ve been through multiple cycles know this phase well. It’s that brief window where smart money flows in before a project takes off publicly. By the time it trends, early entry will be gone. Don’t wait for confirmation—this is when positioning matters most. Missing this moment could mean missing one of the biggest moves of 2025. All signals point forward—your move now determines your outcome later. Buyers who act now can still claim a 50% token bonus using the MAGA50X offer. ACT NOW — STAGE 6 SOLD OUT Why FOMO Is Growing Now Final sale phases are closing faster by the day Community growth spiking across social platforms Traders compare it to early-stage SHIBA and DOGE trajectories No delays—just a clean path forward with a time-sensitive offer TON, XRP, AVAX, and BTC Attract Volume BTC has reestablished dominance above key support zones, with many traders now calling $250K inevitable by the end of 2025. XRP , after surviving years of legal pressure, is back in the spotlight and charging toward higher price zones with increasing conviction. TON is holding above $2.08, benefiting from Telegram’s network integration , AVAX is trending upward with multi-chain expansion in focus, BTC remains stable near $85,000, still attracting institutional inflows. These names continue to build, but early-stage plays like MAGACOINFINANCE are drawing risk-on capital quickly. GET 50% EXTRA BONUS – USE CODE MAGA50X – LIMITED TIME OFFER Conclusion BTC and XRP may be pushing toward $1 from vastly different angles, but MAGACOINFINANCE is the one coin with the most room to move—and a fast-closing window to act. With the bonus still live and momentum climbing, smart investors are already locking in. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Rising Now: BTC, XRP, and MAGACOINFINANCE Eye $1 Milestones
The price of Cardano (ADA) has mounted 11% in the last week reaching $0.6467 despite substantial whale-driven $64 million liquidations. Mutuum Finance (MUTM) continues its rapid rise during its presale phase by collecting $6.9 million with 412 million tokens distributed to 8,400 unique holders. During Phase 4 investors can purchase tokens at $0.025 each while Phase 5 sets a 20% higher price rate to $0.03. The cryptocurrency market views these two projects differently even though they operate in different directions. The battle between Cardano ADA and Mutuum Finance MUTM depends on which platform can achieve better DeFi capabilities. Let’s break it down. Cardano’s Uphill Battle The Cardano (ADA) cryptocurrency demonstrates determination by rising 1.1% during the recent 24-hour period to achieve its tenth position among biggest cryptocurrencies which currently have a market capitalization of $23 billion. Technical analysis shows that the double-bottom pattern suggests an upcoming climb to $0.75 level which will increase the token value by 16.5% while positive readings from RSI and MACD indicator support this upward momentum. Yet, storm clouds linger. The recent decline in trading activity reached 7.59% as measured by $661.97 million while a divergence with bearish RSI indicates decreasing market strength. A fall below $0.630 could start a descent to $0.580 if Cardano (ADA) loses support in the market. This token has remained stationary between $0.55 and $0.60 throughout several years in what has proven to be an impossible challenge to reach $1. A major market rally in 2025 becomes doubtful because of current inertial conditions although investors maintain cautious optimism. Mutuum Finance’s Presale Surge Mutuum Finance (MUTM) continues through Phase 4 of its 11-part presale period while offering its tokens at a current price of $0.025. The project currently attracts investors who have bought 412 million tokens as it gathers $6.9 million during its Phase 4 presale. The current phase sell-out trend will continue through Phase 5 where prices will rise to $0.03 thus delivering a 20% profit to existing buyers. A 9,900% return on investment predicted for MUTM tokens presents itself after the initial listing price of $0.06 while the tokenomics already guarantee investors a 140% profit. The project launched a dashboard that featured the top 50 token holders so they could earn bonus tokens by maintaining their position. The price reduction creates loyalty and urgency because buyers will lose their current positions when the reduced slots sell out. Security and Stability in Focus The Mutuum Finance (MUTM) team enhances security standards by completing a smart contract audit process through Certik. The outcome will demonstrate on social media to prove the trustworthiness of the DeFi lending model. Mutuum Finance (MUTM) provides instant utility through its dynamic interest rates system and overcollateralized loan option during a period when Cardano continues to develop its DeFi offerings at a slower pace. Through its buy-and-distribute operation Mutuum Finance routes platform money into token repurchases for staking reward while enhancing market demand stability. Mutuum Finance (MUTM) has established a focused expansion strategy that positions it as a top choice in the market compared to Cardano (ADA) which faces obstacles with declining volume levels and resistance barriers. Current market dynamics push Cardano (ADA) between promising growth potentials and potential downward trends while its price target remains at $0.75. Mutuum Finance (MUTM) leads a pre-sale charge which combines guaranteed investment yields alongside an ambitious $2.50 price expectation after launch. The Phase 4 entry at $0.025 provides only a temporary entry opportunity since 8,400 users have already joined. Don’t miss out—visit MUTM site to join the presale before Phase 5’s price hike. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
In a significant development within the cryptocurrency landscape, KiloEx has announced plans to release a comprehensive post-incident summary in collaboration with the SlowMist team. This forthcoming report will elucidate the
Michael Saylor’s Bitcoin playbook has pushed Strategy, formerly MicroStrategy, to historic heights. The company has recorded a 2,466% stock increase since August 2020 and has outperformed leading technology companies like Nvidia, Tesla, Google and Microsoft. Strategy made a bold pivot towards Bitcoin before the adoption and integration of digital currencies became mainstream. The company made its decision at a time when established tech companies were channeling their efforts into artificial intelligence and cloud computing. Strategy is now reaping the benefits of what many considered a risky investment when it bet on Bitcoin as its primary reserve asset. Comparison of the MSTR ticker with big tech stocks. Source: Bitcoin Magazine (X/Twitter) Strategy’s Bitcoin playbook has delivered since 2020 In August 2020, MicroStrategy, under Saylor’s leadership, began investing a significant portion of its cash reserves into Bitcoin. The firm pivoted to Bitcoin due to concerns about inflation and the diminishing purchasing power of fiat currencies. By adopting Bitcoin as its primary treasury reserve asset, Strategy intended to preserve and enhance its shareholder value. The company’s accumulation playbook involved purchasing Bitcoin through excess cash flows, as well as debt and equity offerings. As of December 2024, the firm held approximately 447,470 BTC, which represented over 2% of the total Bitcoin supply. Now it’s April 2025, and Strategy has garnered an impressive 531,644 BTC, which represents approximately 2.5% of Bitcoin’s total capped supply of 21M coins. The coins were acquired at an average price of approximately $66K per Bitcoin, which totals about $33B in investment. From late 2024 to date, the company has increased its Bitcoin holdings by over 84,000 BTC. This rapid accumulation is due to a “21/21” capital plan which aims to raise $42B. Of the $42B, $21B will be raised through equity and the other $21B via debt. The capital plan is aimed at expanding Strategy’s Bitcoin holdings. In January 2025, the company acquired 11,000 BTC for approximately $1.1B, financed through stock sales. This purchase brought its total holdings to 461,000 BTC. Strategy then raised approximately $711M by selling a new series of preferred stock in March 2025. The company intends to invest the proceeds into additional Bitcoin purchases. Outperforming tech giants Thanks to its aggressive Bitcoin accumulation, Strategy has outperformed major technology companies including Nvidia, Tesla, Google, Apple, and Microsoft. Since the start of Strategy’s Bitcoin-focused initiative, the company’s stock has surged by an impressive 2,466%. As it stands, the firm now holds the largest Bitcoin reserves among publicly traded companies, apart from Bitcoin ETF managers. The MSTR ticker has a sizable lead on tech giants like Nvidia , Google, Microsoft, Apple, and others in the stock market, surpassing Nvidia by over a thousand percentage points. According to a post by Bitcoin Magazine on X, Nvidia’s stocks were reported at 808% while Tesla’s sat at 155%. Google, Meta and Microsoft were positioned further down the poll at 105%, 91%, and 77% respectively. Even in 2024, MSTR had already surpassed these companies with a 477% increase in its stock value. The firm’s biggest advantage comes from Bitcoin consistently delivering strong returns with an average return of 37%, outperforming gold and the S&P 500 since 2020. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Crypto investor and entrepreneur Anthony Pompliano has spoken out against former U.S. President Donald Trump’s recent threat to fire Federal Reserve Chair Jerome Powell, warning that such a move would undermine the institutional independence of the Fed and set a dangerous precedent. In a video posted to X on April 18 , Pompliano cautioned against politicizing the U.S. central bank. “I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” he said. “The idea of firing the Fed chairman is a very bad precedent to set this way.” Pompliano Responds to Trump’s Criticism of Fed Chair Over Rate Cuts Pompliano’s comments followed a post from Trump on his platform Truth Social on April 17, where the former president criticized Powell for not cutting interest rates quickly enough. “Powell’s termination cannot come fast enough!” Trump wrote, sparking renewed concern over political interference in monetary policy. While acknowledging that the Fed is already viewed by many as politicized, Pompliano insisted that retaliating through executive overreach isn’t the solution. “Even if someone is doing something wrong, it doesn’t justify doing something wrong in return,” he said. Despite being a vocal critic of the Fed himself, Pompliano emphasized the importance of preserving the institution’s operational independence. Lower interest rates are generally viewed as beneficial for risk-on assets like Bitcoin, which often surge in more accommodative monetary environments. However, Pompliano stressed that market benefits should not come at the cost of institutional integrity. Why is the price of bitcoin flat? Should Trump fire Jerome Powell? Will The US lose reserve currency status? I answer your questions pic.twitter.com/S7Q6hANR3H — Anthony Pompliano (@APompliano) April 18, 2025 The crypto entrepreneur is not alone in voicing concern. Senator Elizabeth Warren also warned that removing Powell would damage investor confidence and could spark broader market instability. Speaking to CNBC, Warren said, “If Chairman Powell can be fired by the President of the United States, it will crash the markets.” She added that U.S. economic strength depends on the perception of independence among key institutions like the Fed. “If interest rates in the United States are subject to a president who just wants to wave his magic wand, this doesn’t distinguish us from any other two-bit dictatorship,” Warren said. Trump Renews Pressure on Fed Chair Powell Trump has consistently pressured Powell over rate policy since his time in office and has recently renewed calls for his removal. Florida Senator Rick Scott echoed these sentiments, writing in a Fox News op-ed that the Fed needs a leadership overhaul focused on “fighting for the American people.” The Fed last cut interest rates back in December 2024, with Powell repeatedly saying that he wants compelling evidence of cooling inflation before doing so again. By comparison, the European Central Bank has already slashed its main rate three times so far in 2025, which is the source of Trump’s frustration. Despite all of this uncertainty, there are those who argue that a diminished dollar could be advantageous for Bitcoin in the medium to long-term. Real Vision founder Raoul Pal has long believed that a weaker greenback encourages investors to try and preserve wealth through alternatives like BTC. The post Pompliano Warns Trump Firing Fed Chair Would Set Dangerous Precedent appeared first on Cryptonews .
Popular crypto analyst and trader Benjamin Cowen says that one astronomical price target remains in play for Bitcoin ( BTC ) this cycle. In a new interview with Kyle Chasse on his YouTube channel, Cowen says that Bitcoin may surge to as high as $200,000 if the flagship crypto asset is currently in a right-translated cycle – or a market cycle where prices tend to peak later rather than earlier. “I would say that it’s possible if we get a right translated cycle that from the bottom Bitcoin could go up about 10x or something, which would probably put it around $150,000. So I would say, in a right translated cycle my guess is that it would be anywhere from like $120,000 to like $150,000. It’s possible in the perfect scenario that it could go all the way up to $200,000. I don’t think Bitcoin will hit $300,000 this cycle. I do think Bitcoin will eventually hit $300,000, but I don’t think it will be this cycle.” He says that Bitcoin needs to hold the 2024 high of about $72,000 on the weekly chart to remain on track to hit fresh all-time highs this cycle. “Anything is possible. And I would certainly be more optimistic if we can definitively hold that 2024 high [around $72,000 on the weekly chart] and start to move back up. I would definitely become more optimistic later on this year. That’s my main concern right now, is, if there is another pullback, can we hold it? The good news is we’ve held it so far, and we actually technically we haven’t even tested it. So the good news is if there is another drop, you probably would have some bulls try to hold the line at those levels because we haven’t even tested those levels yet.” Bitcoin is trading for $84,483 at time of writing, flat on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Could Rip by 137% in a ‘Perfect Scenario,’ According to Analyst Benjamin Cowen – Here’s His Outlook appeared first on The Daily Hodl .
As TRON (TRX) navigates a market correction, both whales and retail traders show significant exit patterns, hinting at potential future volatility. Investors are closely watching the balance between whale activity