Is Gold Now Better Than Bitcoin? Peter Schiff Always Thinks So

As global markets tremble under the weight of escalating economic uncertainty, one figure has emerged to champion an age-old safe haven—Peter Schiff. The outspoken economist and gold advocate has once again positioned gold as the superior alternative to Bitcoin, especially amid the fallout of the recent April 7 stock market crash, now being called “Black Monday.”

Schiff’s remarks came swiftly after U.S. President Donald Trump announced a 90-day pause on trade tariffs, a move that shocked investors and sparked significant volatility across both traditional and crypto markets. As Bitcoin dropped sharply, Schiff took to X (formerly Twitter) to declare:

“Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.”

Bitcoin and Ethereum Struggle as Gold Surges

Since the beginning of 2025, Bitcoin has plummeted over 27%, with most of the losses accelerating in the days following Black Monday. Ethereum followed suit, plunging nearly 20% overnight and dipping below $1,500. For some analysts, it’s a stark reminder of just how volatile the crypto market can be in times of macroeconomic distress.

Read also : Is El Salvador Planning a New Crypto Deal? Bukele Meets with Trump For an Undisclosed Discussion

Schiff pointed out that the newly launched U.S. Strategic Bitcoin Reserve, established on March 6, has already lost over 12% of its value. In contrast, he argued, a gold-based reserve would have delivered a modest 2% gain during the same period. This comparison has fueled new skepticism about crypto’s long-standing narrative as “digital gold.”

Meanwhile, gold stocks climbed more than 5%, bolstering Schiff’s position that traditional assets remain the ultimate safe haven in turbulent markets. Treasury yields spiked, and the U.S. dollar weakened significantly, further signaling investor flight to safety.

Schiff’s Core Argument: Bitcoin Is No Safe Haven

The ongoing money debate between Bitcoin and gold is nothing new, but the recent downturn has reinvigorated Schiff’s core thesis: Bitcoin is too speculative to be a reliable hedge.

For years, crypto enthusiasts have pushed the idea of Bitcoin as a store of value immune to fiat instability and inflation. However, Schiff insists that this assumption is flawed, especially in times of economic crisis. According to him, Bitcoin’s lack of intrinsic value and regulatory uncertainty make it a poor substitute for gold.

In interviews and posts, Schiff has continued to hammer the point:

“Gold is tangible, proven, and trusted over centuries. Bitcoin is just code, and its volatility proves it can’t be a reliable store of value.”

His critique resonates especially now, as institutional investors grow wary and some retail holders begin to question Bitcoin’s ability to deliver long-term financial stability.

The Strategic Bitcoin Reserve: A Bold or Risky Move?

One of the biggest flashpoints in this debate is the U.S. Strategic Bitcoin Reserve. Introduced to show government confidence in decentralized assets, it has instead provided critics like Schiff with ammunition due to early losses. Questions are now being raised: was it too soon to rely on crypto for national asset diversification?

Supporters argue the volatility is temporary and that digital assets need time to mature. Yet, with Ethereum nearing key psychological support levels and Bitcoin failing to break through resistance, confidence is clearly shaken.

Read also : Will the Market Recover? Bitcoin Whales are Buying the Dip Despite Economic Uncertainties

The Ongoing Battle: Digital Gold vs. Physical Bullion

At the heart of this conversation is a philosophical divide. Schiff believes in the legacy and physicality of gold, while Bitcoin advocates envision a digital, decentralized future. For now, however, Schiff’s argument holds weight in a market gripped by uncertainty.

Crypto markets are undoubtedly going through a stress test, and how they emerge on the other side will determine their role in future economic systems.

As for Peter Schiff, his unwavering stance that gold is better than Bitcoin seems, at least for now, more validated than ever.

FAQ

Why does Peter Schiff prefer gold over Bitcoin?

Peter Schiff argues that gold is a time-tested store of value with intrinsic worth, unlike Bitcoin, which he believes is speculative and lacks real utility in times of crisis.

Is Bitcoin still a good hedge against inflation?

While many investors view Bitcoin as a hedge against inflation, recent market volatility and regulatory concerns have cast doubt on its reliability during economic downturns, especially when compared to traditional assets like gold.

What is the U.S. Strategic Bitcoin Reserve?

The U.S. Strategic Bitcoin Reserve is a recently launched initiative aimed at diversifying national digital assets. However, its early losses have raised concerns about its long-term viability amid fluctuating crypto prices.