The year 2025’s been a rough year for the economy, and Peter Schiff—never one to miss a moment, has jumped back into the spotlight, firing off fresh criticism as markets take a serious hit.
On April 10, Schiff took to X (formerly Twitter) with a bold claim: “Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.”
His words come as markets worldwide brace for impact, with the recent “Black Monday” on April 7 seeing stocks, crypto, and nearly every asset class bleed red in one of the worst crashes in recent memory.
Schiff isn’t just going after Bitcoin—he’s also taking shots at big names like Michael Saylor from MicroStrategy and even Trump’s U.S. Bitcoin Reserve plan. After Bitcoin tanked during the recent crash, Schiff mocked the reserve (which launched on March 6, 2025), pointing out that it’s already lost more than 12% in value.
“Had the U.S. sold it and added to our gold reserve, not only would we have avoided that loss, but we would now have a 2% gain,” he argued, championing gold as the true safe haven.
Gold, indeed, has surged to record highs, hitting above $3,175 on April 9, up $90 that day and $100 the previous, while Bitcoin and stocks like the S&P 500 and NASDAQ tanked.
The market volatility intensified after Trump announced a 90-day tariff pause on April 10, sparking a wild rebound.
Yet, Schiff remains unimpressed, noting in another post that the dollar suffered one of its worst days ever, falling 2.3% against the euro and yen and 3.9% against the Swiss franc. “Does this seem like we’re winning the trade war?” he quipped, as gold stocks soared nearly 5% and Treasury yields spiked.
Schiff didn’t spare Ethereum (ETH) either, predicting a grim future as it crashed below $1,500 for the first time in over two years, dropping nearly 20% overnight to just above $1,400. “I don’t think it will be long before it breaks below $1,000,” he warned, sending shivers through the crypto community.
His feud with Saylor continues unabated. As Bitcoin dipped below $80,000, Schiff taunted, “Now that Bitcoin is below $80K, if you want to prevent it from crashing below your average cost of $68K, you had better back up the truck with borrowed money today and go all in.”
He also questioned how many Bitcoin holders are ready to “ride it to zero,” referencing Saylor’s bold stance.
2025’s been a mess—markets crashing, stagflation fears creeping in, tariffs all over the place. And somehow, Schiff’s whole gold-over-Bitcoin rant actually makes sense to a lot of people right now.
Doesn’t matter if you’re into crypto or old-school stuff like gold—his take’s got everyone arguing. Feels like we’re watching a full-on clash between the past and the future, and no one knows who’s actually winning.
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