Peter Schiff Doubles Down: ’Dump Bitcoin Now Before the Crash—Gold Is the Only Safe Haven’
Bitcoin bulls beware: Gold bug Peter Schiff just fired another warning shot across crypto's bow.
The Euro Pacific Capital CEO—long known for his anti-crypto rants—claims BTC is headed for a cliff while gold glitters. Schiff's latest salvo comes as Bitcoin hovers near all-time highs, with mainstream adoption surging.
But the permabear isn't buying the hype. 'This bubble will burst harder than 2018,' Schiff tweeted to his 800K followers, urging them to swap digital tokens for 'real money.'
Of course, Schiff's been wrong before—like when he predicted Bitcoin's demise during the 2020 halving. Meanwhile, goldbugs still haven't recovered from missing crypto's 10,000% rally.
One thing's certain: When Schiff talks, traders listen—even if just for the schadenfreude of watching Wall Street's ultimate contrarian bet against the future... again.
Peter Schiff Predicts Bitcoin Crash: Sell Your BTC Today
An analyst, Peter, has reignited the ancient debate between traditional assets and cryptocurrency. On November 7, 2025, he encourages investors to "sell BTC and buy gold" because both assets hit price points -- bitcoin nears $101,000 and other asset near $4,000 per ounce.
Source: Official X
In his post, Schiff said that BTC was "testing its $100K support" and that it was likely to break lower, while gold, which was "testing $4K," was likely to break higher. He is also connected to his own dealing business, urging followers to transfer their investments to the precious metal.
The Context: Gold and Bitcoin Price Levels
The timing of Schiff's post was at a moment of market tension. BTC was down slightly, testing the key support zone of $100K, and the traditional asset was moving higher, heading towards a new record high. As of November 8, Bitcoin was at $102,148, up 1.4% in 24 hours.
Source: CMC
The Gold price was at $4000 per ounce. Although the advice by Schiff to investors was a headline maker, the market response was not favorable to his point of view. Both assets were comparatively stable, and no major shift towards the direction Schiff forecasted was made.
Source: Website
A History of Bitcoin Price Predictions that went wrong.
He has been rightly forecasting the death of Bitcoins for over ten years - and each time the cryptocurrency has succeeded in proving him wrong.
Schiff described BTC as overvalued in 2018 when it was valued at approximately $3800, and stated that it would later collapse. In the same way, he had earlier in 2025 forecasted it to $90,000, saying that the asset was a pure bubble.
But reality has been more of a different story. Since 2009, the coin price has risen by over 2,500%, and gold has risen by around 70% in the same amount of time.
Despite many crashes and corrections, Bitcoin has continued to make new highs, making Schiff's warnings seem more and more out of place.
Public Reaction
Schiff's recent post became a huge topic of discussion on the internet, with more than 360 responses within hours. Most of the responses were mocking, with users reminding him of his multiple failed predictions.
Crypto enthusiasts reminded him that his predictions had always failed to catch major rallies. Some even joked that Schiff's bearish calls were a contrarian indicator
No Clear Winner Yet
At present, there is no solid proof to back Schiff's assertion that gold will outperform BTC in the short term. Both assets are NEAR their critical levels, and the general market trend will be determined by macroeconomic factors, inflation expectations, and investor sentiment in the upcoming weeks.
Whether or not the recent forecast by Schiff is accurate, the issue of what asset is the one that will not lose its value during uncertain times is still there, and investors all over the world are listening attentively.
