Peter Schiff, a known cryptocurrency critic, has once again voiced his opinions on Bitcoin, noting its rise in 2025 and comparing it to gold stocks.
Critique of Bitcoin and Comparison with Gold Stocks
In his latest post, Schiff pointed out Bitcoin's 27% rise in 2025 and compared it to the gold miners ETF, GDX, which he claims is up 61% year-to-date.
> 'Bitcoin is up 27% so far in 2025, while the $GDX is up 61%. Have fun staying poor, Bitcoiners!' — Peter Schiff.
Schiff's Admissions on Holding Bitcoin
Interestingly, Schiff also indirectly admitted that he does own Bitcoin. He stated that he has a 'Strategic Bitcoin Reserve' consisting of donated BTC worth over $6,500.
> 'Someone pointed out that I do own Bitcoin. I have some in my Strategic Bitcoin Reserve. But I promised donors that I’d never sell, so it’s like I don’t really own it.' — Peter Schiff.
Crypto Community Reaction to Schiff's Statements
Schiff's tweet quickly made rounds in crypto circles, with some amused by the ‘Strategic Bitcoin Reserve’ label, while others pointed out that comparing a risk asset like BTC to mining stocks during a bull run isn’t exactly apples to apples. His core message remains the same: he believes gold (and gold-related stocks) remain the superior store of value.
Peter Schiff continues to question Bitcoin's reliability, emphasizing his preference for gold. His recent statements further fuel discussions about the long-term value of different assets.
