Renowned critic Peter Schiff has suggested that gold has emerged as the new safe haven asset in times of global market uncertainty, challenging Bitcoin’s status. Schiff’s argument stems from observations following a recent spike in oil prices and subsequent shifts in investor behavior. He points out that despite geopolitical tensions between Israel and Iran, gold witnessed an increase in price while Bitcoin experienced losses. Notably, Schiff believes Bitcoin’s performance reflects its volatile nature rather than the traditional safe haven characteristics of gold. He further highlights central banks’ shifting investment towards gold as a sign of growing confidence in the asset during times of market uncertainty.