The recent Bitcoin flash crash has reignited debates over the true value of the world’s largest cryptocurrency. Critics argue that the devastating episode highlights the difference between digital assets and traditional safe-haven investments, such as gold, exposing and challenging the long-held myth about BTC’s digital gold status .

Bitcoin Flash Crash Highlights Fragility Of “Digital Gold” Narrative

Veteran economist and Bitcoin critic Peter Schiff has been vocal in analyzing the flash crash that shook the crypto market last Friday. He stated in an X social media post that the sharp decline, which saw BTC drop from above $122,000 to $102,000 in a single day, was not a buying opportunity but a critical warning to investors.

Notably, the Bitcoin flash crash

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