“I told people not to buy Bitcoin — they bought more” — was Peter Schiff the most effective evangelist at Bitcoin 2025?
When even critics like Peter Schiff show up at Bitcoin 2025, has Bitcoin finally become too big to ignore — or too tempting to ridicule from within?
Peter Schiff’s latest stunt at Bitcoin 2025
On May 28, during a fireside chat with journalist Natalie Brunell, Schiff delivered a set of remarks that stayed consistent with his long-held skepticism toward Bitcoin.
Known for his advocacy of gold and criticism of fiat currencies, Schiff opened the conversation with a pointed comparison, referring to Bitcoin as a “memecoin” rather than a meaningful store of value.
He argued that Bitcoin’s price is shaped more by speculative hype than by economic fundamentals, stating that it lacks the intrinsic value found in commodities like gold and silver.
Schiff questioned the widely promoted idea of Bitcoin as “digital gold,” a phrase frequently used by Bitcoin supporters to highlight its scarcity and decentralized nature.
To challenge that notion, he pointed to the behavior of central banks. “If gold is the past and Bitcoin is the future,” he asked, “why are central banks still accumulating gold and not Bitcoin?”
According to Schiff, gold continues to be the reserve asset of choice for governments and central banks precisely because of its physical and historical permanence.
He also used the platform to revisit broader economic concerns, reiterating his long-standing warnings about the U.S. fiscal trajectory. He criticized the growing national debt and rising inflation, describing them as symptoms of a deeply fragile monetary system.
However, in contrast to many Bitcoin advocates at the conference, Schiff dismissed Bitcoin’s role as a hedge in such scenarios. He argued that Bitcoin’s price swings and lack of intrinsic utility undermine its reliability during crises, especially when compared to tangible assets like precious metals.
