With the global economy teetering under inflation and trade war stress, Peter Schiff has resurfaced with a familiar message: Bitcoin is doomed.
In a widely shared X post, Schiff predicted that the financial chaos of 2025 would destroy Bitcoin, revealing critical flaws in its design. His argument? Bitcoin can’t serve as a stable store of value during a true crisis—the very scenario it was supposedly built for.
Bitcoin’s Crisis Test Is Here
Bitcoin was launched in response to the 2008 crash. But Schiff believes the next downturn will expose it—not validate it.
His critique came amid a perfect storm: Trump’s aggressive tariff escalation, global market losses exceeding $2 trillion, and crypto ETFs bleeding nearly $900 million in redemptions.
Gold Shines, Bitcoin Falters
While Schiff hails gold’s resilience—now trading at a record $3,221—Bitcoin’s price is slipping. He specifically criticized Michael Saylor’s Bitcoin holdings and the U.S. Strategic Bitcoin Reserve, both of which are down over 12% since inception.
Schiff argues that if that money had been allocated to gold, the U.S. would’ve seen gains, not losses.
Schiff’s Bottom Line: Don’t Trust the Rebound
Even after a short-term market rally following Trump’s 90-day tariff pause, Schiff warned that deeper economic damage remains. He emphasized the dollar’s 2.3% decline as a key red flag, questioning the U.S.’s ability to maintain its financial edge.
Is Schiff right? While critics see his stance as outdated, recent trends are forcing many to reevaluate Bitcoin’s place in a real-world crisis.
