On social media, Peter Schiff shared his views on investments in gold and Bitcoin, stating that his investments in gold mining stocks have significantly outpaced cryptocurrency returns in 2025.
Investments in Gold and Bitcoin
In a post from July 22, Schiff stated that his investments in gold mining stocks have greatly exceeded Bitcoin's growth in 2025. "Bitcoin is up 27% so far in 2025, while $GDX is up 61%,” he noted, referring to the VanEck Gold Miners ETF. Schiff emphasized that he holds more capital in mining stocks than many so-called Bitcoin 'whales.'
Relations Between Gold and Crypto Advocates
Schiff’s statement has reignited the discussion between advocates of gold and cryptocurrency enthusiasts. While Bitcoin is hailed as 'digital gold' by its supporters, Schiff insists that Bitcoin lacks intrinsic value and remains a speculative asset vulnerable to market hype.
Market Dynamics and Expert Opinions
Schiff's recent remarks come amid rising prices for both Bitcoin and gold-related assets in the face of ongoing global economic uncertainty. However, his focus on the performance of GDX suggests that he believes the gold sector offers stronger long-term fundamentals. Bitcoin continues to attract institutional investors and gold is hitting new highs, indicating that the debate between the two camps is unlikely to slow down.
Thus, the debate over the value of gold versus Bitcoin continues to be relevant, particularly against the backdrop of current financial market conditions. Peter Schiff’s stance highlights his belief that gold possesses more solid foundations compared to cryptocurrencies.
