- Peter Schiff expresses consistent skepticism about Bitcoin’s value and stability.
- Bitcoin’s volatility likened to tech stocks or meme coins.
- Institutional buying criticized as speculative, not reflective of real adoption.
Peter Schiff lambasted Bitcoin on April 10, 2025, via X, asserting it lacks intrinsic value and warning it will fail in upcoming economic crises.
Schiff’s remarks heighten concerns over Bitcoin’s stability as a store of value, potentially impacting investor confidence and further Bitcoin ETF outflows.
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Peter Schiff criticizes Bitcoin’s lack of intrinsic value, linking it to its volatility. He suggests Bitcoin behaves more like a tech stock rather than a store of value during economic upheavals. Schiff continues to question its adoption and stability.
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Peter Schiff, CEO of Euro Pacific Capital, highlights Bitcoin’s perceived instability. He draws parallels between Bitcoin and tech stocks, expressing doubts about its ability to serve as a reliable value store. Schiff has famously stated,
“Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.”Source.
Bitcoin’s volatility, noted by Schiff, has affected various market dynamics. A high volume of institutional investments, including by companies like GameStop and Figma, is attributed to corporate speculation, raising concerns about sustainable adoption. Amid financial tensions, Bitcoin experienced a 6% price drop in Q2 2025, contrasting with a rally in gold. Schiff argues this indicates Bitcoin’s failure to act as a crisis hedge.
Schiff’s criticism remains focused on Bitcoin, avoiding other cryptocurrencies. His remarks underscore a need to address Bitcoin’s role as a potential financial asset, especially in light of economic challenges observed in 2025. Analysts foresee potential regulatory scrutiny driven by institutional involvement and market volatility. Historical trends suggest that during economic crises, traditional assets like gold outperform, while Bitcoin is often labeled as speculative with uncertain future outcomes.
