Peter Schiff Doubles Down: Why European Bitcoin Demand Will Keep Crumbling

Gold bug turned crypto critic Peter Schiff just fired another salvo—claiming Europe's appetite for Bitcoin is headed for a long winter. Here's why his take might sting more than a 20% market correction.

The Contrarian Strikes Again

Schiff's latest broadside comes as no surprise—the man built a career on betting against the herd. But this time, he's zeroing in on fading European retail interest, regulatory headwinds, and that classic Schiff specialty: doom loops.

Regulatory Wrecking Ball?

MiCA regulations kicking in next year could squeeze smaller exchanges dry. Add ECB's anti-crypto rhetoric, and you've got a perfect storm for 'risk-off' sentiment. Never mind that institutional flows tell a different story—Schiff's narrative thrives on retail panic.

The Irony of Safe Havens

Funny how Schiff trashes Bitcoin while Eurozone bonds yield negative real returns. But hey, why park cash in digital gold when you can watch inflation vaporize it in a government-approved savings account?

Bottom line: Schiff's playing the hits—whether Europe's crypto scene is really dying or just evolving remains the billion-euro question.

TLDR

• Bitcoin reached a high of $108,310 but still remains below its all-time dollar and euro peaks.
• Peter Schiff believes the euro price lag signals a long-term decline in European interest in Bitcoin.
• Schiff says lower Bitcoin adoption in Europe is linked to reduced transaction volumes and market activity.
• The U.S. continues to dominate crypto usage while Europe shows slower growth despite earlier regulatory moves.
• Schiff argues that global de-dollarization is affecting both Bitcoin and fiat demand in Europe.

Bitcoin witnessed a minor price correction today, pulling back slightly after reaching a new intraday high of $108,310. The cryptocurrency remains within striking distance of its all-time high in dollars but shows a weaker performance in euros. Peter Schiff has argued that this price disparity highlights Europe’s declining interest in Bitcoin.

While Bitcoin has shown strong upward momentum in recent weeks, it continues to trail its euro-denominated peak set earlier this year. According to Peter Schiff, this suggests that European interest in Bitcoin is weakening despite global market enthusiasm. He links the lower euro value to both decreasing euro demand and declining European adoption.

Peter Schiff believes this pattern will persist as more Europeans distance themselves from both bitcoin and the U.S. dollar. Though the European Union was quicker to regulate crypto markets, adoption has not accelerated as expected. Schiff also claims that lower euro transaction volumes confirm his argument.

Bitcoin’s Dollar Gains Fail to Translate in Europe

Bitcoin climbed to $108,310 today but is still 4% below its dollar all-time high of $112,000 reached in May. However, against the euro, it remains 14% below its January high of €105,951. Peter Schiff points to this gap as evidence of a demand shift.

He argues that despite bullish momentum in the United States, European markets are not showing similar enthusiasm. Schiff links this disparity to weaker interest and reduced activity across European trading platforms. He believes that the U.S. market’s dominance in crypto trading skews global price indicators.

While Bitcoin is only 4% below its high priced in dollars, it's almost 14% below it's high priced in Euros. That's one reason Bitcoin is far more popular here than it is there. As the dollar and Bitcoin continue to decline in Europe, European demand for both will keep falling.

— Peter Schiff (@PeterSchiff) June 26, 2025

Peter Schiff emphasizes that the growing global trend away from the dollar is affecting both fiat and crypto valuations. While the dollar weakens, assets like Bitcoin appear stronger in the U.S. but not in other regions. Schiff interprets this as a signal of waning European interest in both financial instruments.

Peter Schiff Cites Market Trends and Forex Disparity

The ongoing decline in the U.S. dollar index has played a central role in Bitcoin’s recent dollar-denominated surge. Bitcoin’s strength against the dollar contrasts with its relatively flat movement against the more stable euro. Peter Schiff maintains that this demonstrates regional variations in crypto demand.

Some market analysts counter this claim, noting that similar disparities exist in Gold pricing across currencies. Gold trades higher against the dollar than the euro, yet interest remains stable worldwide. However, Peter Schiff continues to view the trend as an indicator of Europe’s fading interest in Bitcoin.

Peter Schiff remains firm that European demand will keep declining even as Bitcoin gains traction in the U.S. He expects this divergence to grow as global de-dollarization continues and investors shift their focus. Schiff’s analysis continues to influence debate on Bitcoin’s regional adoption patterns.