Peter Schiff commented on the superiority of gold over Bitcoin, pointing to the impressive growth of the GDX ETF in 2025. This supports his belief that real assets are more stable than digital ones.
Gold's Superiority Compared to Bitcoin
Schiff emphasized that the VanEck Gold Miners ETF (GDX) has increased by 61.3% in 2025 while Bitcoin only rose by 28.06%. He believes that real assets like gold and mining stocks have more stable value compared to Bitcoin, which he views as a risky asset lacking real value. Schiff stated, "Bitcoin is just computer code that creates nothing useful."
Responses from Bitcoin Advocates
Crypto supporters argue that Schiff's views are one-sided, noting that a 28.06% growth in Bitcoin is still significant, especially during an unstable economic year. They highlight Bitcoin being referred to as 'digital gold' for its ease of transfer and divisibility. Despite GDX's strong performance, it's clear that debates over preferences between traditional and digital assets continue.
Why Schiff Prefers Mining Stocks Over Physical Gold
Schiff opts to invest in gold and silver mining stocks rather than holding physical gold, believing that these companies can profit and increase in value as gold prices rise. He sees mining equities as a hedge against inflation and as offering growth potential, whereas he believes Bitcoin has not shown resilience during long-term economic challenges.
The discussion of gold ETF outperformance over Bitcoin raises critical questions about investment strategies during uncertain times. Schiff continues to advocate for real, income-generating assets, like mining stocks, as far more reliable than digital resources.
