Peter Schiff Doubles Down on Silver as Bitcoin Hits New ATH—Here’s Why He’s Wrong

Gold bug turned silver evangelist Peter Schiff just can't quit his losing bet against Bitcoin. As BTC smashes through all-time highs in 2025, Schiff's latest rant reveals more about his outdated playbook than crypto's risks.

The man who called Bitcoin 'digital fool's gold' now hawks physical silver like it's 1979. Meanwhile, institutional adoption sends BTC's market cap soaring past Schiff's beloved precious metals.

Fun fact: Schiff's Euro Pacific Bank collapsed in 2022—the same year Bitcoin weathered three 'existential' crises. Maybe decentralized systems work better than centralized grifters after all.

Schiff Doubles Down on Bitcoin Criticism

In a post on X (formerly Twitter), Peter Schiff criticized the current Bitcoin rally, calling it the perfect time to exit the market. He argued that the crypto market is fueled by speculation and hype, not real-world utility or value. “Bitcoin is not a store of value,” Schiff wrote. “It’s a bubble waiting to burst. Investors should sell now and move into silver while it’s still cheap.”

Schiff has long been a proponent of precious metals, especially gold and silver. He believes these traditional assets offer more reliable protection against inflation and economic downturns than cryptocurrencies. His latest comments came as bitcoin crossed the $116,000 mark, drawing both praise and criticism across the financial world.

Silver Rally Fuels Schiff’s Optimism

Schiff’s silver promotion comes at a time when silver prices are also experiencing a notable upswing. The metal recently surpassed $37 and is now pushing toward the $40 mark. Schiff believes silver is on the verge of a breakout and claims a rally to $50 is “inevitable.”

He also emphasized that silver mining stocks remain significantly undervalued and have not yet priced in the next leg of the rally. According to Schiff, this makes silver an ideal investment with high upside and low downside risk.

Bitcoin Adoption Grows Despite Warnings

While Schiff’s warnings against Bitcoin continue, institutional interest in crypto is growing rapidly. Over 100 publicly listed companies now hold Bitcoin on their balance sheets. Leading the charge are BlackRock’s spot Bitcoin ETF (IBIT) and MicroStrategy, which together control nearly 1.3 million BTC—about 6% of Bitcoin’s total supply.

Other global firms are also joining the crypto movement. Japanese energy company Remixpoint recently raised $215 million to acquire more Bitcoin. In Europe, Germany’s Nakiki SE has adopted a Bitcoin standard, and Sweden’s H100 Group recently purchased 47 BTC. Meanwhile, China’s Nano Labs is reportedly considering acquiring 10% of Binance Coin’s circulating supply.

GameSquare, a digital media company, also entered the crypto space with a recent purchase of 1,818 ETH and a plan to invest $100 million more in Ethereum.

Schiff Criticizes Corporate Bitcoin Treasuries

In response to the growing number of companies adopting Bitcoin as a treasury asset, Schiff accused corporate leaders of misleading investors. He suggested that firms like MicroStrategy are manipulating public perception and luring “naive” investors into a risky, volatile asset.

“Companies holding Bitcoin aren’t protecting shareholder value—they’re gambling with it,” Schiff claimed. He views this trend as evidence of a speculative mania rather than a sound financial strategy.

Regulatory Concerns Add to the Debate

The regulatory landscape for crypto continues to evolve. U.S. Senator Elizabeth Warren recently called for stricter oversight of the digital asset market. She warned that Republican-backed efforts to ease crypto regulations could undermine financial protections and expose the economy to greater risks.

Warren emphasized the importance of maintaining traditional financial safeguards to prevent what she described as “chaos in the markets.” Her comments reflect growing political debate around the future of cryptocurrency in the U.S., especially as mainstream adoption accelerates.

A Divided Market View

Peter Schiff’s continued criticism of Bitcoin contrasts sharply with the growing institutional embrace of digital assets. While Schiff maintains that silver is the smarter investment, major corporations and funds are increasingly turning to Bitcoin and ethereum as hedges against inflation and tools for diversification.

As Bitcoin breaks into new price territory and altcoins like Ethereum and Solana follow suit, the crypto market is entering what many analysts believe could be a new bull cycle. Still, Schiff’s warnings serve as a reminder that skepticism remains, even in the face of record-breaking rallies.