Bitcoin Loses Safe Haven Status as Gold Surges 30% During 2025 Crisis

Economist Peter Schiff has reignited the debate over Bitcoin’s status as a safe haven asset during the 2025 financial crisis, advocating for gold as a more reliable alternative. Schiff, a long-time proponent of gold, argues that Bitcoin’s narrative as "digital gold" is misleading, especially in times of economic instability.

During the 2025 financial crisis, gold prices surged past $3,175, while Bitcoin’s price fell below $80,000. This stark contrast has sparked renewed discussions about the stability and resilience of digital assets compared to traditional safe havens like gold. Schiff notes that such crises are critical tests for the true value and stability of these assets.

Central banks and institutions have been shifting their reserves towards gold, highlighting a market trend towards traditional safe havens during periods of instability. This shift has fueled skepticism over Bitcoin’s role as a safe haven, particularly as the U.S. Bitcoin Reserve has seen a 12% decline since its launch. Schiff emphasizes that gold prices are almost at record levels, while Bitcoin fails to show the same resilience against economic fluctuations, making it incorrect to describe Bitcoin as a safe haven.

Historically, during economic turmoil such as the 2008 and 2020 crises, gold maintained or increased in value. In contrast, Bitcoin’s volatility has been a subject of debate, reaffirming concerns about its safety. Experts suggest that this trend could continue, potentially favoring gold over digital assets in future crises, based on historical data and current market behaviors.