Peter Schiff, CEO of Euro Pacific Capital, has expressed strong doubts about Bitcoin, emphasizing its instability and lack of intrinsic value, which may impact investor confidence.
Peter Schiff's Criticism of Bitcoin
On April 10, 2025, Peter Schiff reaffirmed his views on Bitcoin via X, stating its lack of intrinsic value and warning of potential failure during future economic crises.
Comparison with Tech Stocks
Schiff draws parallels between Bitcoin and tech stocks, asserting that its volatility makes it an unreliable store of value. He notably stated, "Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it."
Future of Bitcoin Amid Economic Crises
Schiff points out that the high volume of institutional investments from companies like GameStop and Figma is tied to corporate speculation, raising concerns about sustainable adoption. Amid financial tensions, Bitcoin saw a 6% price drop in Q2 2025, while gold rallied. This indicates Bitcoin's failure to act as a crisis hedge.
Peter Schiff's criticism highlights the need for a serious reassessment of Bitcoin's role as a potential financial asset, especially in light of the economic challenges observed in 2025.
