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Cryptocurrency Live News & Updates : Smart Money Faces $12.48M Losses on Altcoin Shorts

Cryptocurrency Live News & Updates : Smart Money Faces $12.48M Losses on Altcoin Shorts

Economic Times4 days ago
22 Jul 2025 | 12:55:12 AM IST
A smart money address, known as @ai_9684xtpa, is experiencing unrealized losses of $12.48 million after shorting various altcoins, following a recent market rally. In the latest cryptocurrency news, a smart money address has reported significant unrealized losses of $12.48 million due to short positions on altcoins, as the market has surged. Meanwhile, BNB has dipped below 760 USDT, showing only a slight increase of 1.23% in the last 24 hours. On a more positive note, the Blockchain Group has added 22 Bitcoin to its holdings, achieving an impressive 1,373% yield year-to-date, with its total BTC holdings now valued at $233.5 million. Bitcoin itself has seen a modest rise of 1.21% in the past day, trading close to the $120,000 mark. Additionally, the Thai SEC is considering easing testing requirements for retail crypto investors, aiming to reduce burdens while ensuring investment risks are aligned with product risks. Lastly, the Reserve Bank of Australia faces scrutiny as it holds interest rates steady despite weak inflation, with upcoming policy meeting minutes and a speech from Governor Bullock expected to provide clarity on future monetary policy decisions. These developments highlight the dynamic nature of the cryptocurrency market and regulatory landscape. Show more
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Schiff predicts gold could top $4,000/oz by mid-2026 , as inflation concerns persist and global trust in fiat currencies erodes. JPMorgan and UBS have echoed similar views, setting $3,675–$4,000 price targets for Q4 2025. If the U.S. dollar weakens further and interest rate cuts continue, gold's upside remains strong . Gold-Backed Tokens: Schiff's Digital Pivot Despite being a vocal critic of cryptocurrencies, Schiff isn't completely against digital finance. He's expressed growing interest in gold-backed tokens—digital assets that represent ownership in real, physical gold. Schiff believes these kinds of assets combine the technological advantages of blockchain with the tangible value of gold, offering a far more reliable alternative to fiat-backed stablecoins or speculative cryptocurrencies. He's even hinted at launching his own gold-backed token project, which would allow investors to own fractional gold assets securely via blockchain. This approach reflects a growing demand for trustworthy digital alternatives that are actually tied to real-world value, unlike the often-unbacked tokens circulating in the crypto market. Is Bitcoin losing its edge as digital gold? Despite crossing $105,000 in June, Bitcoin's 2025 performance still trails gold in several critical ways: Schiff points out that Bitcoin is still 15% below its all-time high when priced in gold terms — suggesting that even in 'bullish' crypto conditions, gold is winning the long game. Bitcoin adoption remains retail-driven, while gold is gaining traction with sovereign institutions. To Schiff, this is proof that Bitcoin is not replacing gold — it's competing in a different, more speculative category. Why Schiff Believes Gold Will Win Peter Schiff's main points can be broken down into five key reasons why he believes gold is about to dominate: 1. Centuries of Proven Value Gold has a multi-thousand-year track record as a store of value, while Bitcoin is still relatively new and untested over full economic cycles. 2. Institutional Preference While retail traders may favor crypto for short-term gains, governments and central banks are steadily accumulating gold—not Bitcoin—suggesting where long-term confidence lies. 3. Performance in Crises During recent geopolitical and economic shocks, gold has consistently performed well, while Bitcoin has often dropped in value—challenging its 'safe-haven' status. 4. Asset Backing and Intrinsic Worth Gold is a physical commodity with tangible uses in industry, jewelry, and currency backing. In contrast, crypto is purely digital, with no intrinsic utility beyond its perceived scarcity. 5. Sustainable Market Dynamics The rise in gold prices is fueled by real-world demand and supply constraints. Crypto, on the other hand, often moves based on market sentiment, influencer promotion, or sudden policy announcements. Are investors starting to agree with Schiff? While the crypto community continues to push Bitcoin adoption, mainstream investors and institutions are quietly favoring gold: Gold-backed ETFs have seen net inflows of over $45 billion globally in 2025, the largest since 2020. Meanwhile, Bitcoin ETF inflows have slowed, with many investors citing regulatory risks, energy concerns, and high volatility. Even major hedge funds like Bridgewater, BlackRock, and Ray Dalio's camp have increased gold exposure this year — while keeping crypto allocations flat or trimmed. A Balanced Investment Perspective While Schiff's outlook strongly favors gold, many financial analysts recommend a balanced investment strategy. Crypto continues to offer high potential returns, particularly for risk-tolerant investors looking for short- to medium-term gains. Meanwhile, gold remains a reliable long-term hedge against inflation and currency debasement. Investors may consider holding a diversified portfolio that includes both assets—allocating more weight to gold for stability, and a smaller portion to crypto for speculative growth potential. Schiff's warnings are particularly important for those who are overexposed to digital assets without a fallback. Gold-Backed Digital Assets: The Best of Both Worlds? As the finance industry evolves, more investors are exploring hybrid solutions—especially gold-backed cryptocurrencies or tokenized assets. These allow users to enjoy the transparency and speed of blockchain while maintaining the value security of gold. This trend aligns with Schiff's prediction that digital finance will not disappear—but it must be rooted in real, tangible value to be sustainable. The future, he argues, isn't crypto or gold. It may be a blend of both—with gold still setting the standard. Is gold really outperforming crypto in 2025? According to both the data and sentiment in 2025, yes — gold is having a stronger year than Bitcoin. Metric Gold Bitcoin / Crypto ETFs Central bank demand 1,000+ metric tons/year 0 official reserve adoption YTD 2025 price return +25% +14.5% Volatility Low (~1/3 of BTC volatility) Very high (tech-stock behavior) ETF inflows $45+ billion Slowing, uneven 2025 price target $3,675–$4,000 per ounce Uncertain, wide estimates Peter Schiff's recent statement that 'gold will leave crypto in the dust' may sound provocative, but it reflects growing concerns about the long-term viability of digital assets. With central banks accumulating gold, gold prices outperforming many crypto assets, and macroeconomic instability on the rise, Schiff's call to return to fundamentals is gaining traction. Whether or not you agree with his stance, his message is clear: in times of uncertainty, gold shines—and Schiff believes its luster will soon outshine crypto's digital dazzle. FAQs: Q1. Why does Peter Schiff believe gold will outperform crypto in 2025? Because gold is more stable, widely trusted, and backed by central banks, unlike volatile cryptocurrencies. Q2. What makes gold a better safe-haven asset than Bitcoin, according to Schiff? Gold performs better during crises and has real, long-term value—not just market hype.

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