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Peter Schiff Again Attacks Bitcoin Investors: "Just Enjoy Living Poor"
In a post shared on social media at the end of July 22, Schiff claimed that his investment in gold and silver mining stocks has far outpaced Bitcoin's growth by 2025.
" Bitcoin has increased by 27% as of now in 2025, while $GDX has increased by 61%,” Schiff wrote, referring to the VanEck Gold Miners ETF. He also added that he holds much more mining stock capital than the so-called Bitcoin “whales” hold in cryptocurrency, ending his post with a sarcastic remark: “Just enjoy living poor, Bitcoin players!”
This comment has reignited the long-standing debate between gold supporters and cryptocurrency enthusiasts. While Bitcoin is hailed by its supporters as "digital gold," Schiff continuously argues that it lacks intrinsic value and remains a speculative asset easily influenced by market hype.
His tweet comes against the backdrop of both Bitcoin and gold-related assets rising this year amid ongoing global economic uncertainty. However, Schiff's emphasis on GDX's performance suggests he believes the gold sector has better fundamentals in the long run.
With Bitcoin continuing to attract institutional investors and gold reaching new highs, the debate between the two camps shows no signs of cooling off. Currently, Schiff is clarifying which side he believes is prevailing.
In a post shared on social media at the end of July 22, Schiff claimed that his investment in gold and silver mining stocks has far outpaced Bitcoin's growth by 2025.
" Bitcoin has increased by 27% as of now in 2025, while $GDX has increased by 61%,” Schiff wrote, referring to the VanEck Gold Miners ETF. He also added that he holds much more mining stock capital than the so-called Bitcoin “whales” hold in cryptocurrency, ending his post with a sarcastic remark: “Just enjoy living poor, Bitcoin players!”
This comment has reignited the long-standing debate between gold supporters and cryptocurrency enthusiasts. While Bitcoin is hailed by its supporters as "digital gold," Schiff continuously argues that it lacks intrinsic value and remains a speculative asset easily influenced by market hype.
His tweet comes against the backdrop of both Bitcoin and gold-related assets rising this year amid ongoing global economic uncertainty. However, Schiff's emphasis on GDX's performance suggests he believes the gold sector has better fundamentals in the long run.
With Bitcoin continuing to attract institutional investors and gold reaching new highs, the debate between the two camps shows no signs of cooling off. Currently, Schiff is clarifying which side he believes is prevailing.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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