Bitcoin Faces Skepticism Over ’Digital Gold’ Status Amid Slowing Growth Concerns

Recent comments from renowned economist Peter Schiff have sparked debate within the crypto community regarding Bitcoin’s status as a hedge against inflation and a store of value.

Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Status Amid Inflation Concerns

Renowned economist and Bitcoin [BTC] critic Peter Schiff has questioned Bitcoin’s status as “digital gold,” suggesting that its role as a hedge against inflation is weakening. He pointed out that Bitcoin’s growth appears to be slowing despite rising inflation, challenging the widespread belief in its long-term viability as a store of value. The crypto community has debated Schiff’s stance, with some calling him outdated.

Bitcoin Bears Tighten Grip—Next Support Level Uncertain

Bitcoin price has started another decline, falling below the $85,000 zone and consolidating around $81,586. The digital asset is struggling to recover above the $83,500 zone and a connecting bearish trend line is forming with resistance at $82,750 on the hourly chart. The price is trading below $83,200 and the 100 hourly Simple Moving Average (SMA), indicating potential for another decline if it stays below the $83,500 resistance zone.

Japan to Classify Crypto as Financial Products, Impose Insider Trading Restrictions

Japan is preparing to formally recognize crypto assets as financial products under its Financial Instruments and Exchange Act. The Financial Services Agency (FSA) plans to submit a bill to parliament as early as 2026 to amend the legislation. If passed, the change would bring cryptocurrencies such as BTC under the same legal category as traditional securities, subjecting them to insider trading laws. Until now, digital assets have operated with limited oversight on trading practices that would be illegal in mainstream financial markets.

Strategy Transfers $612.92M in BTC to New Addresses

Strategy, a well-known business intelligence platform, has recently carried out a considerable Bitcoin ($BTC) transfer. As per the data from Onchain Lens, Strategy has performed a huge transaction of $612.92M in $BTC to new addresses. The market data discloses that Strategy shifted approximately 7,383.25 $BTC coins to 3 unique wallet addresses. This appears to be a strategic move in the platform’s current commitment to Bitcoin holdings.

Metaplanet Issues Zero-Interest Bonds to Acquire More Bitcoin

Tokyo-based Metaplanet has announced the issuance of 2 billion yen (about $13.3m) in zero-interest ordinary bonds. These funds will be used exclusively to purchase additional Bitcoin, positioning it as a central pillar in the company’s corporate treasury. The bond issuance was approved during a board meeting on March 31, 2025, and all bonds will be allocated to EVO FUND with no interest, scheduled for full redemption on Sept. 30, 2025.