Prominent gold advocate and Bitcoin critic Peter Schiff has sparked debate about the future of money by arguing that gold is a form of currency. As gold prices reached new all-time highs above $3,500 on April 22nd, Schiff made this assertion in an X post, emphasizing its significance for investors as the US dollar weakens. His comments coincided with a surge of over 31% in gold’s value year-to-date (YTD), while the USD experienced a significant decline. While Schiff acknowledges the potential impact on US monetary policy and the economy, other commentators have questioned whether gold truly fulfills all the criteria for a proper form of money. Some crypto enthusiasts point out that gold is rarely accepted as payment in commerce, lacking crucial functionalities like liquidity and transferability. They compare it to cryptocurrencies such as Bitcoin, which can be easily used for payments at merchants’ locations. Despite these disagreements, experts remain divided on whether gold and Bitcoin are viable alternatives or if they simply represent different investment strategies.