Gold advocate Peter Schiff is back with his take on Bitcoin's recent tumble. According to him, this isn't just your typical risk-off scenario playing out.

Schiff argues we're witnessing something bigger—a rotation out of what he calls "fake assets" and into real ones. His theory? Investors are waking up and reallocating capital toward tangible stores of value.

The timing's interesting. BTC has been sliding while traditional safe havens show strength. Schiff sees this as validation of his long-held position that digital assets lack the fundamental backing of physical commodities.

Whether you buy his narrative or not, the asset rotation theme is gaining traction in certain circles. Some traders are indeed shifting portfolios as macro uncertainty builds. The debate between digital and traditional value stores rages on, and Schiff's clearly planted his flag.