Peter Schiff Slams Financial Pivot Motives: Gold Bug’s Fiery Critique Hits Wall Street
Peter Schiff just torched the latest financial pivot narrative. The gold standard evangelist—and Bitcoin's most vocal critic—is calling out what he sees as pure opportunism dressed up as strategy.
The Motive Behind the Move
Forget altruism or innovation. According to Schiff, this isn't about building a better financial system. It's a calculated play for relevance and revenue as traditional models show their age. Institutions aren't embracing change; they're chasing flows.
A Cynical Take on Finance's New Clothes
It's the oldest story in finance: repackage, rebrand, and relaunch. The players change, but the game stays the same—extracting fees from the hopeful. This pivot looks less like evolution and more like a hedge fund manager discovering a new asset class to underperform in.
Schiff's broadside lands as the digital asset conversation grows louder. Whether you agree with him or not, his critique forces a harder look at the 'why' behind the sudden rush to innovate. Sometimes a pivot is just a pirouette—a fancy spin before landing right back where you started.
Peter Schiff denounces the financial pivot’s motive
DJT began as a social media startup but shifted and became a BTC treasury.
$DJT, a company owned by Donald Trump, has little intrinsic value beyond its connection to the President. It began as a social media company, pivoted into a Bitcoin treasury company, and is now merging with a fusion energy company. The constant reinvention makes clear that the…
— Peter Schiff (@PeterSchiff) December 18, 2025
Peter Schiff believes that in the case of $DJT, the transformation of a failed social media platform into a self-assured bitcoin strategy and a currently merging partner with Fusion Energy proves that the product has never been about the financial underpinnings, but rather about access to political power.
In July, $DJT announced that it had amassed approximately $2 billion in bitcoin and assets to track bitcoin as a part of its previously announced bitcoin treasury plan. As reported by TRUMP Media, the company suffered a net loss of $54.8 million in the third quarter of 2025, compared to a $19.3 million loss in the same quarter of 2024, due to an increase in expenses, of which $20.3 million was attributed to legal fees.
The third-quarter report showed that revenue fell to $972,900, compared to nearly $1 million in the previous quarter. The stock dropped 61 percent over the year to a share price of $13.10. As of September 30, the company had gained on Bitcoin options worth $15.3 million and owned 11,542 Bitcoins, worth nearly $1.3 billion, which is equivalent to approximately $1.3 billion.
Schiff disputes Trump’s claims of a “booming economy.”
Peter Schiff warned that U.S. output is “going bust.” He criticized Trump for claiming that the economy was “booming.” Schiff contested the claim.
“Donald Trump claims the U.S. has a booming economy. Well, maybe the stock market is booming …the real economy is going bust,” Inflation continues to rise, and every week we learn about more layoffs.”
–Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital.
The S&P 500 has increased by 16% so far this year, while the tech-heavy Nasdaq has risen by 20%. Schiff stated that the stock market has, in fact, had a great run.
Schiff’s concerns about inflation and job losses reflect fundamental economic factors.
The U.S. consumer price index ROSE by 3.0% yearly in September compared to 2.3% in April, when Trump first announced his broad tariffs. In the first 10 months of 2025, companies reported 1,099,500 job cuts, according to a poll. Meanwhile, the news is still dominated by layoff announcements.
In reference to the boom of Trump, Schiff called it a fiction and listed the reasons that the economy was going down, including the fact that deficits were exploding.
The fiscal year 2025 government expenditure in the U.S. totaled $7.01 trillion, and the government received $5.23 trillion. The 5.23 million led to a deficit of 1.78 trillion. The imbalance has led to the rise in the U.S national debt.
The National debt is currently close to $38 5 trillion. According to Schiff, the tract is “completely unsustainable.” He insisted that America’s creditors are getting the same information, which is detrimental to both the dollar and the Americans who hold it.
Schiff claimed that foreign creditors of the US are aware that the national debt has reached close to $38.5 trillion. He further claimed that the foreign investors are selling their U.S. dollars and Treasury bonds for this reason. Schiff mentioned that foreign central banks are selling Treasury bonds and purchasing Gold instead.
Schiff claimed that the dollar’s position as the world’s reserve currency is about to expire, which will significantly lower living standards in the United States.
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