Crypto Titans Collide: Mike Novogratz and Peter Schiff Clash Over Bitcoin’s Future
Bitcoin just triggered Wall Street's favorite bloodsport—a heavyweight showdown between true believers and goldbug doomsayers.
Galaxy Digital's Novogratz and Euro Pacific's Schiff trade haymakers on crypto's role in the 2025 financial ecosystem. Spoiler: one thinks it's digital gold, the other calls it 'fool's gold with extra steps.'
The feud exposes Wall Street's dirty secret: everyone's scrambling to sound smart about an asset they still don't understand. Place your bets—the only sure winner here is volatility.
Schiff’s Bitcoin skepticism spans over a decade
Peter Schiff has earned a reputation as one of Bitcoin’s loudest critics. Since at least 2011, he’s repeatedly called Bitcoin a bubble, a Ponzi scheme, and “digital fool’s gold.” Despite being wrong about every major rally—including the recent surge above $118,000—Schiff refuses to shift his stance. He remains committed to gold, arguing it holds intrinsic value while Bitcoin does not.
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The tension grows with each price milestone
Even as Bitcoin’s adoption accelerates and institutional inflows climb, Schiff continues to argue that it’s a fad with no real utility. Meanwhile, Novogratz and other crypto advocates see bitcoin as the digital evolution of hard money—scarce, decentralized, and increasingly mainstream.
The back-and-forth underscores the growing divide between traditional asset champions and the new wave of crypto-native investors. As Bitcoin enters price discovery, that tension is only likely to grow.
