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Peter Schiff questioned why central banks are increasing gold reserves instead of choosing Bitcoin. Despite Bitcoin reaching $111,000, central banks trust gold over As BTC briefly flirted with the $71.5K mark before experiencing a significant sell-off, Schiff took to social media to reaffirm his belief in gold’s superiority over BTC. His Hace 2 días Appearing at the Bitcoin 2025 conference, the famed gold bug and no-coiner called bitcoin is a “memecoin” and not real wealth, drawing laughsand ire. BTC $ 106,047.03 Despite the growing wave of institutional and even state-level adoption of Bitcoin [BTC], economist and gold advocate Peter Schiff remains unmoved in his long

Bitcoin vs. Gold: Why Economist Peter Schiff Believes Gold Trumps BTC

The debate between Bitcoin (BTC) and gold as safe-haven assets rages on, and one voice remains consistently pro-gold: economist Peter Schiff. Despite the growing wave of institutional and even state-level adoption of Bitcoin [BTC], Schiff remains unmoved in his long-held belief in gold\'s superiority.

Peter Schiff\'s Skepticism of Bitcoin

Peter Schiff has been a vocal critic of Bitcoin for years, often questioning its intrinsic value and long-term viability. His arguments center around gold\'s established history, physical scarcity, and role as a traditional store of value, especially during economic uncertainty.

Hace 2 días Appearing at the Bitcoin 2025 conference, the famed gold bug and no-coiner called bitcoin is a “memecoin” and not real wealth, drawing laughs and ire. BTC $ 106,047.03 This illustrates Schiff\'s fundamental disagreement with Bitcoin\'s value proposition.

Central Banks: A Key Argument for Gold

Peter Schiff questioned why central banks are increasing gold reserves instead of choosing Bitcoin. This is a core tenet of his argument: despite Bitcoin reaching impressive milestones like $111,000 (projected!), central banks continue to trust gold over Bitcoin as a reliable reserve asset. He sees this as a validation of gold\'s enduring importance in the global financial system.

Schiff\'s Reaction to Bitcoin\'s Volatility

As BTC briefly flirted with the $71.5K mark before experiencing a significant sell-off, Schiff took to social media to reaffirm his belief in gold’s superiority over BTC. He often points to Bitcoin\'s volatility as a key weakness, arguing that gold provides a more stable and predictable store of value, particularly during times of market turbulence.

Why Peter Schiff Believes Gold Will Prevail

Schiff\'s core argument rests on the following points:

  • Gold\'s History: Gold has been used as a store of value for thousands of years, providing a proven track record.
  • Physical Scarcity: Gold is a physical asset with limited supply, unlike Bitcoin which, while capped in quantity, exists only digitally.
  • Central Bank Preference: As noted above, central banks continue to accumulate gold reserves, demonstrating its acceptance within the traditional financial system.
  • Volatility: Gold is generally less volatile than Bitcoin, offering greater stability during market fluctuations.

While Bitcoin continues to gain traction, Peter Schiff\'s unwavering belief in gold highlights the ongoing debate about the future of money and the role of alternative assets in a rapidly changing financial landscape. The "Bitcoin vs. Gold" discussion is far from over, and Schiff\'s perspective provides a valuable counterpoint to the growing Bitcoin narrative.

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