🎉 Gate.io动态 #创作者激励计划# 火热进行中!报名参与并发帖解锁 $2,000 创作大奖!
🌟 参与攻略:
1️⃣ 点击链接进入报名页面 👉️ https://www.gate.io/questionnaire/6550
2️⃣ 点击“是”按钮提交报名
3️⃣ 在动态完成发帖,提升发帖量和互动量,解锁获奖资格!
📌 只要是与加密相关内容均可参与发帖!
🎁 茶具套装、Gate x 国际米兰保温杯、Gate.io 纪念章、点卡等好礼等你来拿!获奖者还将获得专属社区流量扶持,助力您提升影响力,增长粉丝!
活动截止至:5月6日00:00 (UTC+8)
活动详情:https://www.gate.io/announcements/article/44513
Gold is money, says Peter Schiff as price hits $3,500 ATH
Amid gold reaching new highs above $3,500, Peter Schiff — a prominent gold advocate and Bitcoin critic — argued that the precious metal is money, fueling backlash from the crypto community.
“Gold is not just any commodity, it’s money,” Schiff wrote in an X post on April 22 after gold prices briefly broke above $3,500.
While praising gold, Schiff sounded the alarm about the state of the economy, emphasizing that gold’s abnormal rally in the past few weeks holds negative implications for the US dollar.
Gold is up 31% YTD, USD is down 9%
Schiff’s comments came amid gold futures surging to a record-breaking $3,500 on April 22, while spot gold has yet to touch the milestone after reaching $3,498 on Tuesday, according to TradingView.
Since the beginning of 2025, spot gold has gained as much as 31.6% of value, while its one-year price is up more than 44%.
Community questions gold as “money”
Schiff’s observations on the state of the US dollar in the context of gold’s rally have received some traction on social media, but many commentators have questioned whether the term “money” corresponds to gold.
Some crypto community members specifically highlighted that gold fails to serve as a viable payment method, one of the four foundational functions of money.
“I shaved a bit off my gold bar at Starbucks this morning. They accepted it as payment. First time in a while,” cryptocurrency advocate Mike Alfred responded in Schiff’s X thread, referring to gold being rarely used as a method of payment.
Related: Jack Dorsey pushes Signal to adopt Bitcoin payments
Unlike gold, cryptocurrencies like Bitcoin (BTC) are able to serve the payment use case, many posters stressed.
“I paid for my haircut last week in Bitcoin,” one commentator said, adding:
Amid the ongoing gold rally, the narrative of gold versus “digital gold” Bitcoin has been on the rise. According to Cathie Wood, a major Bitcoin bull and ARK Invest founder, Bitcoin is a “much bigger idea than gold,” and has a potential to gain from gold’s $23 trillion market.
Others believe that gold and Bitcoin should not be seen as competitors because the assets are different in their nature and have different missions.
Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19