Gold advocate Peter Schiff sparked controversy in the crypto community by declaring gold as money as the price hit an all-time high (ATH) of $3,500. In a post on X, Schiff emphasized that gold is not just a commodity but money, triggering a debate among enthusiasts. He also raised concerns about the economy’s state and the implications of gold’s recent surge on the US dollar, predicting the end of the dollar’s dominance. Gold futures hit $3,500 on April 22, with spot gold close behind at $3,498, marking a 31% increase year-to-date. In contrast, the US Dollar Index (DXY) plummeted by over 9% in 2025. Schiff’s statements gained attention on social media, with some questioning whether gold truly fits the definition of money due to its limited use as a payment method, unlike cryptocurrencies like Bitcoin (BTC). The ongoing debate between gold and Bitcoin as digital gold continues to gain traction, with figures like Cathie Wood suggesting that Bitcoin’s potential surpasses that of gold’s $23 trillion market. Despite the comparison, some argue that gold and Bitcoin serve different purposes and should not be viewed as direct competitors. The narrative surrounding the two assets remains a topic of interest as both gold and Bitcoin continue to attract investors seeking alternative stores of value in the current economic climate.