Bitcoin’s Role as Digital Gold Challenged by Peter Schiff Amid Short-Term Price Divergence

Euro Pacific Capital's Peter Schiff has reignited the debate over Bitcoin's comparison to gold, pointing to their divergent price movements over a recent weekend. While gold saw a 3% gain, Bitcoin experienced a 3% decline, leading Schiff to argue that the two assets are fundamentally dissimilar. This critique focuses on short-term correlation, overlooking Bitcoin's long-standing narrative as a non-sovereign store of value. Market participants, however, emphasize Bitcoin's decade-long track record and its growing adoption as a hedge against inflation and currency devaluation. Despite Schiff's skepticism, many in the cryptocurrency community remain bullish on Bitcoin's potential to serve as 'digital gold' in the evolving financial landscape.

Peter Schiff Challenges Bitcoin's Comparison to Gold

Euro Pacific Capital's Peter Schiff has reignited the debate over Bitcoin's purported role as 'digital gold,' citing divergent price movements over a recent weekend. While gold gained 3%, Bitcoin fell by the same margin—prompting Schiff to declare the two assets fundamentally dissimilar.

The argument hinges on short-term correlation, ignoring Bitcoin's decade-long narrative as a non-sovereign store of value. Market participants note Schiff's selective timeframe ignores periods when bitcoin outperformed gold during monetary crises.

Bitcoin Whales Withdraw 110K BTC in Aggressive Accumulation Move

Bitcoin's market dynamics have shifted dramatically as large holders withdrew 110,000 BTC from exchanges within 30 days. This aggressive accumulation coincides with BTC's recent price recovery, suggesting institutional players are positioning for potential upside.

Futures markets show traders are heavily Leveraged at critical levels, with $496 million in long positions clustered near $102,800 and $319 million in shorts at $104,800. The whale activity spans both spot and derivatives markets, indicating sophisticated capital deployment rather than retail speculation.

Why Bitcoin’s $105,000 Rally Might Fall Short of a New All-Time High

Bitcoin's march toward $105,000 faces headwinds despite aggressive accumulation by long-term holders. Over $3.13 billion worth of BTC exited exchanges last week—the largest net withdrawal in four months—as investors bet on breaking current resistance levels.

Glassnode data reveals a textbook accumulation pattern, with exchange balances draining at pace. Yet macroeconomic uncertainty looms, creating divergence between on-chain bullishness and price action. The market now watches whether this hodler conviction can overpower broader risk-off sentiment.

MicroStrategy's Michael Saylor Signals Further Bitcoin Accumulation Amid Market Tightening

MicroStrategy co-founder Michael Saylor has reignited market speculation with hints of another significant Bitcoin purchase, scheduled for announcement on May 12. This follows the company's recent $180 million BTC acquisition, elevating its total holdings to over 555,000 BTC—a position now growing faster than new Bitcoin enters circulation.

The aggressive accumulation strategy is creating measurable supply pressure. CryptoQuant CEO Ki Young Ju notes MicroStrategy's holdings alone induce a -2.23% annual deflationary effect on BTC's circulating supply. When combined with growing institutional adoption from firms like Metaplanet and Mara Holdings, the market faces unprecedented structural tightness.

Bitcoin Price Breakout Brewing: Is a Massive Rally Just Getting Started?

Bitcoin's price surge above $102,000 signals potential for further gains, with eyes set on the $107,500 resistance level. A new bullish trend line forms at $103,500, reinforcing upward momentum.

The cryptocurrency broke through key resistance at $100,500 and now trades firmly above $102,500, supported by the 100-hour moving average. Market participants watch for a decisive MOVE past $105,000 to confirm continuation of the rally.

Bitcoin: 98% of BTC Wallets in Profit as Market Hits Cycle High

Bitcoin's Supply in Loss has plummeted below 2%, marking a cycle high with 98% of holders now in profit. The cryptocurrency surged from $76k to $104k over the past month, according to CryptoQuant data. Such euphoric conditions historically signal early market peaks, with the Net Unrealized Profit/Loss (NUPL) metric climbing to 0.56 this week.

Analysts warn that overheated conditions could trigger profit-taking, potentially driving BTC toward $96k. The market's resilience will be tested as it balances widespread profitability against the risk of a corrective pullback.