Peter Schiff comments on BTC modest holiday move

Schiff warned traders that, in his view, they are getting a chance to exit at a better price. He said he does not treat the muted move as confirmation of a sustained bull trend.

Schiff also reiterated that “digital gold” does not play the same role as gold in the traditional sense. He compared Bitcoin’s performance with silver and claimed investors would have done better holding silver over the past four years.

At the same time, Schiff has used both drops and rallies in Bitcoin as a reason to restate his broader view: he argues BTC has not passed what he considers the key test. He says it has not acted as a safe-haven asset during periods of market stress and has not displaced traditional defensive assets.

As in previous years, Schiff continues to promote precious metals (primarily gold) as the most reliable asset for investors.

Schiff’s latest comments align with his long-running public position. He regularly urges investors to move part of their holdings from Bitcoin to gold and uses short-term rallies to point to risks he associates with crypto assets. He has also argued that BTC’s price is heavily driven by sentiment and capital inflows.

More broadly, the debate over Bitcoin versus gold remains a frequent topic in public discussions, similar to how Binance vs KuCoin comparisons recur across the crypto market. In one recent episode, Schiff clashed with former Binance CEO Changpeng Zhao (CZ), with the two disagreeing on whether BTC can be treated as an analogue of gold and what ultimately determines its value.