Peter Schiff, a well-known economist and gold advocate, remains skeptical about owning either Bitcoin or Ethereum but has recently reaffirmed a preference for Bitcoin over Ethereum if he had to choose. Despite Ethereum’s strong rally in 2025, including breaking above $4,000 and outperforming Bitcoin in some short-term price moves, Schiff stated on social media that although his prior advice to switch from Ethereum to Bitcoin was initially successful, Ethereum’s late surge closed the gap. Still, he says, "If you put a gun to my head, I’d pick Bitcoin" over Ethereum, reflecting his conviction that Bitcoin is the better of the two cryptocurrencies from his perspective, primarily due to Bitcoin’s stronger market momentum and relative stability compared to Ethereum.
Schiff does not have interest in holding either asset long term and continues to champion gold as the ultimate safe haven, warning that cryptocurrencies remain too volatile and speculative. His stance highlights that while Ethereum is gaining market share and institutional interest—evidenced by Ethereum ETFs inflows surpassing Bitcoin ETFs in mid-2025—the broader market dynamics still favor Bitcoin as a preferred crypto asset for him personally.
Summary points:
Peter Schiff prefers Bitcoin over Ethereum despite Ethereum’s recent price surge.
He initially recommended swapping ETH for BTC, which worked well until Ethereum’s late rally.
Schiff is generally skeptical of holding crypto but would choose Bitcoin if forced.
Ethereum is outperforming Bitcoin in some areas, with rising ETF inflows and market share.
Schiff remains a strong advocate for gold over cryptocurrencies for long-term value.
Bitcoin maintains higher market momentum and perceived stability relative to Ethereum in Schiff’s view.
This nuanced position reflects Schiff’s cautious approach to cryptocurrencies but acknowledges Bitcoin’s relative strength compared to Ethereum amid recent market movements.