Economist and long-time gold advocate Peter Schiff on Friday criticized Bitcoin‘s BTC/USD year-to-date decline, highlighting gold’s quiet 18% rally as evidence of the market’s misplaced focus.
What Happened: In a post on X, Schiff challenged the bullish narrative surrounding the U.S. government’s Bitcoin Strategic Reserve and suggested HODLers are ignoring market fundamentals.
Schiff highlighted what he sees as a stark divergence between gold and Bitcoin performance in 2025.
“Despite constant media hype and the Trump Administration establishing a Bitcoin Strategic Reserve, Bitcoin is down 11% YTD,” Schiff wrote. “At the same time, with no media attention, and the U.S. government teasing about selling its gold to buy Bitcoin, gold is up 18% YTD.”
Also Read: Bitcoin Down To $85,000, Ethereum, XRP Slide 5% Before Key Inflation Data
Why It Matters: Schiff’s comments come as the Trump administration pushes forward with plans to create a Bitcoin reserve modeled loosely on the gold standard, sparking debates about the future of U.S. monetary policy and digital assets.
However, Schiff argues that the media and retail investors are placing undue faith in Bitcoin while overlooking gold’s consistent role as a traditional hedge.
“Get a clue HODLers,” Schiff said, calling into question what he perceives as blind faith in Bitcoin despite lackluster performance and rising volatility in broader crypto markets.
Schiff has long maintained that gold holds superior fundamentals compared to Bitcoin, which he views as a speculative asset detached from intrinsic value.
His latest comments suggest that market participants may be misinterpreting policy signals as bullish without accounting for underlying price action.
While proponents of Bitcoin argue that the strategic reserve legitimizes it as sovereign-grade collateral, Schiff counters that the metal still leads as the premier inflation hedge.
“Gold is doing its job quietly while Bitcoin traders chase headlines,” he has previously said in interviews.
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