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American economist and staunch gold advocate, Peter Schiff, recently asserted in a post on December 4 that Bitcoin’s (BTC) recent surge is attributable to a pullback in gold’s price.  In the same commentary, featured on an X platform, Schiff suggested that Bitcoin’s rally is driven by a “speculative frenzy around spot Bitcoin ETFs” and predicted a “spectacular crash” for the maiden cryptocurrency.  At the same time, Schiff expressed confidence in gold’s resilience, stating the bullion’s “ rally is real” unlike Bitcoin’s.  Schiff’s remarks came on the heels of gold touching a new all-time high of over $2,100, however, the precious metal faced a substantial pullback hours after his post, while Bitcoin maintained its position around 18-month highs. Gold plummets 6% after touching all-time high Cryptocurrency Retired U.S. Air Force general has a say on what Bitcoin needs Cryptocurrency Is a sub-$50 Solana on the horizon? Cryptocurr

The Terra crash anniversary sparks reflections on the importance of liquidity, transparency and user protection in the crypto industry. On the anniversary of the Terra collapse, the cryptocurrency community reflected on the lessons learned from the event that wiped out the $40 billion ecosystem and caused Bitcoin (BTC) to drop from $28,000 to $19,000. While the incident was undoubtedly painful for those who lost money, it also served as a wake-up call for the industry to focus on liquidity, transparency and user protection.  Binance CEO Changpeng “CZ” Zhao shared Bitcoin’s price movement history in a tweet on May 11, recalling the Terra crash one year ago and stating several valuable lessons to be learned from the event. Following the crash, CZ emphasized, through his messaging, the importance of transparency and safeguarding users, including his “poor again” tweet. To prevent governance attacks after the significant devaluation of the network’s Terra (LUNA) token, validators of th