Bitcoin Is Beating Gold During War, Peter Schiff Pushes Back

More than fifteen days into the US-Iran war, and the numbers tell a story that would have been unthinkable two years ago. Bitcoin is up 7.75%. Gold is down 5.5%. The S&P 500 has shed 3.85%. Silver has collapsed 13.22%. The Nasdaq is off 3%.

The crypto market has quietly added $240 billion in value during one of the most intense geopolitical flashpoints in recent memory. The asset that was supposed to crash hardest in a war is the only major asset finishing green.

Gold’s pullback to $5,000 support amid a war has bewildered traditional macro investors. Peter Schiff, a gold advocate, argued on X that the selloff shows a fundamental misunderstanding of what the war actually means for the global financial order.

The market has made platforms like Bitget roll-out events like CFD carnival that allow new users to open positions in different markets.

Overall, the most relevant comparison is not last week. It is gold after the ETF launched in 2004, when a $2.5 trillion asset grew to around $35 trillion over twenty years. Bitcoin today has roughly the same market cap as gold did then.