Gold advocate Peter Schiff stated on social media platform X that investors are shifting from Bitcoin to gold, observing that gold and silver are breaking out while Bitcoin is falling. Schiff believes this is not a coincidence, pointing out that gold has risen over 10% in the past 10 days, while Bitcoin has fallen over 40% from its all-time high, with continuous institutional ETF outflows. He views Bitcoin as a "digital fiat currency," arguing that its purchasing power has been declining over the past five years.