Bitcoin Is Beating Gold During War, Peter Schiff Pushes Back

[colinistheman]

Finally some good news for Bitcoin! It was not funny seeing Bitcoin perform so badly against gold at a time people are looking for alternatives to the dollar. It was expected that Bitcoin will benefit from that financial adjustments, unfortunately, Bitcoin was among the worst hit by that as gold and silver enjoyed the lion share. Now we see Bitcoin recovering, it sends a good signal and I hope the momentum is sustained.

Oh well, maybe there are narratives why suddenly gold becoming the best asset while Bitcoin before the end of the year losses so much of it's value, maybe we are just starting to see the bear market. And so same with gold right now, according to Schiff it's bear market although he has another story behind, it's the dedollarization. Nevertheless, with the conflict, we can only wonder if Bitcoin is truly a hedge. We might have to wait till the war is over, to say that indeed it is. And right now, it's down 5% already, to $70k. So let's see if this is just a trap and signal is not sustainable.

Bitcoin dropped below $70k today, but overall it is still up about 7-10% from before the war broke out. This show that Bitcoin is still performing quite well. But I agree that it is not yet the right time to hastily declare that bitcoin has surpassed gold and become a true safe haven asset.

Some people seem too eager and impatient, forgetting that the war is not yet over. Economic shock still have not fully emerged and the overall impact on the market remains unclear. It is too early to draw conclusions

[yhiaali3]

This is not the first time Peter Schiff has been wrong about Bitcoin, but I agree with his theory that "the US-Iran conflict does not have a negative impact on gold, but rather accelerates the pace of abandoning the dollar."

This is normal in wars, where people get rid of inflated paper money and replace it with safe-haven assets like gold, but he doesn't want to admit that Bitcoin has become a strong competitor to gold as a safe haven and that people have started to move strongly towards Bitcoin.

[fuguebtc]

Before concluding whether gold has underperformed, let's look back at its growth over the past year. A year ago, the market capitalization of gold was just $19 trillion, and now it has reached $33 trillion. It has increased by $14 trillion in just one year. An asset with a market capitalization more than 10 times that of Bitcoin and a gain of over 80%, yet you say it is underperforming?

That’s exactly what I’m getting at. Looking at a time frame as short as the war – which is less than three weeks – is just daft.

Gold is an asset with a history spanning thousand of years, having weathered thousands of conflict, great depression, the collapse of numerous empires, and 2 world war. Meanwhile, Bitcoin has never experienced anything similar. To hastily conclude that gold is underperforming. Or to suggest that people are switching to Bitcoin and gold is no longer attractive based on an event that happened less than a month is a biased assessment

Although we are investors, let's be realistic. Because even if we make biased evaluations in favor of Bitcoin, it does not automatically make it better than gold.

[sana54210]

I mean this wasn't even a question for the people who knew about bitcoin, we all knew that bitcoin would do better, it is not really surprising to us. Why? Because gold is something that is slow, slow to react, slow to go up, and usually it's something that you do to get like a very small return yearly, and hope that inflation doesn't beat you.

Sure it had a good year, a very rare case, and everyone got hooked on it for a while, but that was unsustainable to begin with and for that reason we shouldn't be looking into this as something that would be all that easy to accept. We can't really make a lot of big dela out of this, gold is the old way, bitcoin is the way from now on and we have to accept that to make more money.

[Die_empty]

I mean this wasn't even a question for the people who knew about bitcoin, we all knew that bitcoin would do better, it is not really surprising to us. Why? Because gold is something that is slow, slow to react, slow to go up, and usually it's something that you do to get like a very small return yearly, and hope that inflation doesn't beat you.

Sure it had a good year, a very rare case, and everyone got hooked on it for a while, but that was unsustainable to begin with and for that reason we shouldn't be looking into this as something that would be all that easy to accept. We can't really make a lot of big dela out of this, gold is the old way, bitcoin is the way from now on and we have to accept that to make more money.

It is commonly believed that gold performs better than Bitcoin during times of political and economic crisis. Gold is generally seen as a hedge against inflation but Bitcoin has shown that it is maturing. During a crisis people don't consider profitability, they are more focused on securing their assets against losing value. It is too early to conclude that Bitcoin is now the toast of investors because of these few weeks' gains in times of conflict. Gold still remains the most popular asset during conflicts because it has outlived many global political and economic crises.

[Bigjoe158]

Anybody see this news?

• Bitcoin gained about 7.75% during the U.S.–Iran conflict, outperforming major assets.
• Traditional safe havens struggled, with gold down 5.5% and silver falling over 13%.

However, as per gold bug and our favorite Peter Schiff says otherwise,

His thesis: the US-Iran conflict is not bearish for gold. It is accelerating the de-dollarisation trend that was already quietly reshaping how central banks and sovereign wealth funds hold reserves.

https://coinedition.com/bitcoin-is-beating-gold-during-war-peter-schiff-pushes-back/

Maybe he has a point, however, perhaps investors are getting smarter by the day? I mean it's very easy to invest in Bitcoin and see your money grows overtime as compare to gold or owning one.

And this is not the first time that we heard about this so called de-dollarization:



https://www.visualcapitalist.com/de-dollarization-countries-seeking-alternatives-to-the-u-s-dollar/

Do you agree about this de-dolllarization hypothesis? Or it is has flaw in the beginning?

As of March 19, 2026, gold futures are trading around $4,600 per ounce, while Bitcoin (BTC) has dipped below $70,000. While gold experienced a recent price drop, it reached an all-time high of $5,595 in January 2026; Bitcoin remains below its peak of $126,000 in October 2025, according to.
Deskcoin
Gold and Bitcoin Price Overview (March 19, 2026):
Gold (XAU): Around $4,600 per ounce.
Bitcoin (BTC): Approximately $69,000–$70,410 per coin.
Relative Value: Bitcoin has recently outperformed gold, despite both seeing volatility due to geopolitical tensions and Federal Reserve policies.
Note: Prices in this sector change frequently based on market conditions.

[STT]

You cant measure performance on such short term basis and judge it a race won or not.  Its not working like that, the gold has a worth and when markets decline people need to cash out that value.
  The biggest users of gold for long term value store or cash are governments and right now this war is so disruptive and destructive that the bills are gigantic.  The oil rich states now cannot sell their oil so are denied revenue, I'm quite sure they would sell the gold to make up the difference hence great weakness in the price.

[DanWalker]

This is not the first time Peter Schiff has been wrong about Bitcoin, but I agree with his theory that "the US-Iran conflict does not have a negative impact on gold, but rather accelerates the pace of abandoning the dollar."

This is normal in wars, where people get rid of inflated paper money and replace it with safe-haven assets like gold, but he doesn't want to admit that Bitcoin has become a strong competitor to gold as a safe haven and that people have started to move strongly towards Bitcoin.

In my observation, Bitcoin is currently in a transitional phase and is gradually attracting the attention of investor, especially large investors. But Bitcoin hasnt really become a competitor to gold as a safe haven asset, and people havent yet shown a tendency to abandon gold and shift strongly towards bitcoin.

There is no evidence to suggest that institutions are massively selling off gold and switching to bitcoin, or that central banks are considering adding bitcoin to their national reserves. How can we say that bitcoin is competing with gold as a safe haven?

[CryptoYar]

[...]

Although main banks still choose to use real gold due to its history but new group of company buyers is moving to use of Bitcoin due to its ease in moving and instant payment across borders. We are not seeing great gold sale but we are watching fight on money going to new product and billions are going into Bitcoin ETFs with interest in paper gold remaining stuck.

I believe that Bitcoin is not trying to kill gold but is only taking place of its tasks in digital age, so showing rarity that fits an economy based on internet. So, gold still is secure spot of last hundred years, yet Bitcoin is becoming needed safety plan in current hundred years.

[CryptoYar]

Eid ul Fitar Mubarak



Assalamu Alaikum

Ramadan Mubarak ky baad ye Allah paak kaa khushyon wala tohfa hota hai. Or chaand raat laitujaza hoti hai. Or ye tehwar poori dunya main bohat josh or kharosh sy manaya jata hai.

Iss moqy par bohat sy roothy huwy insan bhi apas main sulah kar laity hain. Or khaas tor par sab sy zyada khushi bachon ko hoti hai or wo iss ko bohat hi khushi sy manaty hain.

To iss khushi ky moqy par meri taraf sy  meri sari iss community or un ky ghar walon ko Eid ul Fitar ki Khushyan Mubarak hon. Allah ap sab ko iss din ki barakaat ata farmaye or khushyan ata farmaye.

[yhiaali3]

This is not the first time Peter Schiff has been wrong about Bitcoin, but I agree with his theory that "the US-Iran conflict does not have a negative impact on gold, but rather accelerates the pace of abandoning the dollar."

This is normal in wars, where people get rid of inflated paper money and replace it with safe-haven assets like gold, but he doesn't want to admit that Bitcoin has become a strong competitor to gold as a safe haven and that people have started to move strongly towards Bitcoin.

In my observation, Bitcoin is currently in a transitional phase and is gradually attracting the attention of investor, especially large investors. But Bitcoin hasnt really become a competitor to gold as a safe haven asset, and people havent yet shown a tendency to abandon gold and shift strongly towards bitcoin.

There is no evidence to suggest that institutions are massively selling off gold and switching to bitcoin, or that central banks are considering adding bitcoin to their national reserves. How can we say that bitcoin is competing with gold as a safe haven?

Yes, Bitcoin is not a real competitor to gold as a safe haven at the moment, but who knows what might happen in the future? Concepts change with time, and with increasing global adoption, Bitcoin might surpass gold as a safe haven.

Regarding the fact that we haven't seen institutions selling massive amounts of gold and switching to Bitcoin, there's a news article on this point:
"Are capital flows from gold moving towards Bitcoin? Large outflows leave the largest gold fund"
https://www.binance.com/en-IN/square/post/300195253001026