Peter Schiff renewed his criticism of Bitcoin, arguing that investors are wrong to group BTC with gold and silver and citing recent market action as evidence that the assets behave differently. In posts on X on Aug. 11 and after the latest CPI data, Schiff said Bitcoin is "a highly speculative collectible digital token" rather than a monetary metal, noting that gold and silver were rising while stocks, bonds and Bitcoin were selling off and that gold rose 1.5% while Bitcoin slipped 0.4% on the inflation release. Other market participants took a more constructive view on Bitcoin. Jan van Eck said in a Milk Road interview last week that Bitcoin and gold are distinct assets but can benefit from some of the same long-term macro forces, and argued that Bitcoin's roughly 50% decline into the $60,000 range has likely absorbed much of the downside he had expected for 2026, making it an attractive point to accumulate. CryptoQuant CEO Ki Young Ju separately said Bitcoin's 90-day correlation with gold has rebounded from nearly negative 0.9 in early 2026 to around positive 0.7. Gold climbed to $4,435 per ounce on Tuesday, its highest level since June 5, while retail investors added to gold ETFs. According to The Kobeissi Letter on X, SPDR Gold Shares ETF (NYSE:GLD) drew $50 million in single-day retail inflows on Aug. 5, the biggest since mid-March, and total inflows that day reached $637 million versus $244 million into U.S. spot Bitcoin ETFs. Analysts including XWIN Japan and Michaël van de Poppe said correlation alone does not make Bitcoin a safe haven, though van de Poppe argued the recent BTC drop looked like a liquidity grab rather than a structural breakdown.