
SUI Gains Institutional Visibility Through Grayscale’s Latest ETF Offering
Grayscale's new SUI ETF offers a regulated path for institutional investors to access the blockchain network.

Peter Schiff argues that investors will prefer tokenized gold over Bitcoin and other cryptocurrencies for long-term savings. He believes that asset-backed digital currencies will gain traction as a more stable alternative.
Mentioned in this story
Prominent financial commentator Peter Schiff recently took aim at ARK Invest CEO Cathie Wood and her vision for the future of digital savings.
Wood on Bitcoin, arguing that the legacy precious metal is historically overvalued and primed for a major correction.
Schiff has rejected the idea that Bitcoin might have any utility in the long term, predicting that investors seeking the technological benefits of blockchain will ultimately pivot toward asset-backed digital currencies rather than decentralized crypto assets.
"For real savings, they will buy gold," Schiff stated. "If they want crypto instead, they will buy tokenized gold."
Cathie Wood, however, completely rejects the premise that gold is the safer bet. Speaking on a recent episode of the Rundown podcast, the ARK Invest CEO pointed out that the ratio of gold to the M2 money supply recently hit an all-time high.
According to Wood, the last times gold reached these relative levels were during the double-digit inflation crises of the 1970s and 1980s, and the Great Depression of the 1930s, environments vastly different from today's economic landscape.
"I think gold is probably riding for a fall," Wood noted. "If I were a betting person... I would make a shift from gold into Bitcoin."
Wood has argued that Bitcoin's programmatic scarcity makes it inherently superior to gold.
She acknowledged that fiat-pegged stablecoins are currently taking over the role of digital "checking accounts" in emerging markets, but she firmly believes Bitcoin will serve as the premier digital savings account.
"This idea of digital gold, it is better than gold actually," Wood explained. "The supply growth of Bitcoin is 0.8% per year and it'll drop to 0.4% in another two years. I'll bet you a lot that gold supplies are going to be up much more than that. Their average over time is 1%."
Wood reiterated ARK's staggering $1.5 million bull-case price target for Bitcoin by 2030.
Peter Schiff believes that investors will prefer tokenized gold because it is asset-backed and offers more stability compared to Bitcoin, which he views as lacking long-term utility.
Peter Schiff argues that Bitcoin is historically overvalued and predicts it is primed for a major correction, leading investors to seek safer alternatives like tokenized gold.
Cathie Wood is the CEO of ARK Invest, and she advocates for Bitcoin as a future digital savings solution, which contrasts with Schiff's negative outlook on cryptocurrencies.

Grayscale's new SUI ETF offers a regulated path for institutional investors to access the blockchain network.

Hyperliquid's HYPE token overtakes Dogecoin, reaching $16.03 billion market cap.

Shiba Inu (SHIB) struggles below support as market sentiment wanes.

Strategy's Bitcoin Bull Michael Saylor Surprises Market with Bond Purchase

Market expert highlights undervalued altcoins like XRP and ETH, despite strong fundamentals.

CZ Denies Viral Rumors of Surfing Accident in Dubai
See every story in Crypto — including breaking news and analysis.