Peter Schiff Taunts Bitcoin Holders as Gold Reclaims $4,100 in Market Shake-Up

Prominent financial commentator and long-time gold advocate Peter Schiff is back in the spotlight after Bitcoin’s latest price crash, using the moment to reiterate his long-held skepticism about the leading cryptocurrency. Schiff, who has spent years warning investors about Bitcoin’s volatility, has been quick to highlight that the digital asset struggled to maintain the highly anticipated $100,000 level—something he had predicted. As Bitcoin faltered, gold surged back above $4,100 following its own temporary correction, giving Schiff fresh ammunition for his critiques.

In a recent social media post, Schiff confidently declared, “My Bitcoin track record has really improved in recent years. Pay attention, HODLers!” His comments come at a time when market sentiment for Bitcoin has wavered, and gold’s momentum has strengthened. According to recent performance metrics, gold has outpaced Bitcoin by more than 50% this year, reinforcing Schiff’s long-standing claim that precious metals offer more reliable long-term security than cryptocurrencies.

Schiff’s latest jab also follows broader market concerns, including recent instability surrounding Circle’s USDC issuer, CRCL, which has seen its value drop significantly since its IPO—fueling narratives from critics who believe the “crypto trade is over.”

However, while Schiff celebrates his latest accurate call, it's equally important to remember his history of notoriously incorrect predictions about Bitcoin. As reported previously, he issued one of his earliest bearish forecasts in 2011, when Bitcoin traded at just $31. Investors who followed his advice at that time missed out on historic gains, as Bitcoin went on to dominate the previous decade and became one of the best-performing assets in modern financial history.

Despite Schiff’s renewed confidence, Bitcoin supporters argue that short-term volatility does not negate long-term potential. Still, with gold's strong rebound and Bitcoin’s recent setbacks, Schiff’s commentary has once again ignited debate among investors navigating the ever-evolving relationship between traditional safe-haven assets and digital currencies.