Latest news with #PeterSchiff
Time of India
4 days ago
- Business
- Time of India
Peter Schiff just dropped a bombshell: Gold about to leave crypto in the dust
Peter Schiff Warns: 'Gold Will Leave Crypto in the Dust' - Economist and gold advocate Peter Schiff has once again sparked intense debate in the investment world, claiming that gold is on the verge of outperforming cryptocurrencies in a significant way. In a series of recent interviews, public statements, and market commentaries, Schiff has warned investors that the excitement around Bitcoin and other digital assets is misguided. He believes gold is set to regain its crown as the ultimate safe-haven asset, while crypto will struggle under mounting economic pressures. As the global financial system grapples with inflation, currency debasement, and growing geopolitical tensions, Schiff insists that gold's historical reliability will ultimately leave crypto behind in terms of both performance and trust. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management MBA CXO Management Digital Marketing Public Policy PGDM healthcare Design Thinking Healthcare Data Science Data Science Technology Artificial Intelligence Cybersecurity Others MCA Data Analytics Leadership others Finance Degree Product Management Operations Management Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details How is gold performing compared to Bitcoin and crypto ETFs? The numbers so far in 2025 are clear: gold is beating Bitcoin in both price growth and stability. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read More Undo Year-to-date performance (2025): Gold price has surged over +25% , hitting an all-time high of $3,500 per ounce in April. As of July 2025, it's trading around $3,330–$3,400 . Bitcoin ETFs , such as BlackRock's IBIT, have returned roughly +14.5% year-to-date. Gold ETFs , like SPDR Gold Shares (GLD), have delivered returns closer to +24.4% . Why are central banks buying so much gold in 2025? One of the strongest indicators behind Schiff's confidence is central bank behavior — and the numbers don't lie. Live Events In 2025, central banks are on track to purchase over 1,000 metric tons of gold, according to data from Metals Focus and the World Gold Council. That's more than double the average annual purchases made between 2010 and 2020. Even after 2024's record 1,086 metric tons, central banks are still hungry for gold — showing only a slight 8% drop in buying volume this year. Nearly 95% of reserve managers surveyed by the World Gold Council in 2025 expect gold's share in global reserves to increase, not decrease. Roughly 43% of central banks plan to increase their own gold holdings in the next 12 months. In contrast, Bitcoin continues to be almost entirely absent from global reserve portfolios. No major central bank has yet adopted Bitcoin as a formal reserve asset. Why Schiff says Bitcoin isn't a reliable hedge in 2025 Peter Schiff has long argued that Bitcoin is too volatile to be a store of value, and the current data backs him up. Bitcoin's price volatility remains three times higher than gold's , based on 30-day average swings. In fact, Bitcoin is nearly 7x more volatile than gold on an annualized basis. During economic or geopolitical shocks (like the April 2025 oil shock), gold prices soared, while Bitcoin initially dropped by 6% before bouncing back — a sign that investors still flee to gold first. Schiff calls this a major flaw in the 'Bitcoin as digital gold' narrative. Gold acts like a safe haven. Bitcoin behaves more like a tech stock or meme coin , Schiff said during his controversial appearance at the Bitcoin 2025 conference in Miami. Bitcoin's Image as 'Digital Gold' Under Fire For years, Bitcoin has been branded as 'digital gold'—a decentralized store of value immune to inflation and geopolitical risks. But Schiff sharply rejects this notion, stating that Bitcoin lacks intrinsic value and is driven more by speculative hype than fundamental worth. He has described Bitcoin as a 'decentralized Ponzi scheme' and a 'memecoin for the masses,' pointing out that it has no utility beyond what people believe it has. During moments of global unrest—such as military conflicts or political crises—gold tends to rise in value, while crypto assets often dip. This, Schiff argues, proves that Bitcoin does not behave like gold when it truly matters. Gold vs Crypto: 2025 Performance Snapshot In comparing asset performance this year, Schiff points to gold's strong rally, especially through gold-mining stocks and ETFs. Many gold-related investments have significantly outperformed even the top-performing cryptocurrencies in 2025. Gold miner stocks in particular have seen impressive double-digit gains, while Bitcoin and Ethereum have had more volatile and inconsistent performances. Schiff believes this trend will only accelerate. He argues that crypto's current gains are built on shaky ground—largely fueled by sentiment, meme culture, and speculative momentum—while gold's rally is rooted in real-world demand, institutional investment, and macroeconomic fundamentals. Short-Term Moves: Schiff's Take on Ethereum and Bitcoin In a surprising shift from his traditionally anti-crypto stance, Schiff recently suggested that investors might consider switching from Ethereum to Bitcoin in the short term. He explained this by noting that technical indicators show Bitcoin currently has stronger market momentum compared to Ethereum. However, he quickly followed up this statement by warning investors to exit Bitcoin altogether and move into gold or gold-mining stocks. His reasoning? While Bitcoin may have short-term upside versus other altcoins, it still lacks the long-term stability and value foundation that gold has maintained for centuries. What does Schiff predict for gold in late 2025 and 2026? Peter Schiff isn't just making short-term calls. He believes gold is entering a new long-term supercycle — and analysts are starting to agree. Schiff predicts gold could top $4,000/oz by mid-2026 , as inflation concerns persist and global trust in fiat currencies erodes. JPMorgan and UBS have echoed similar views, setting $3,675–$4,000 price targets for Q4 2025. If the U.S. dollar weakens further and interest rate cuts continue, gold's upside remains strong . Gold-Backed Tokens: Schiff's Digital Pivot Despite being a vocal critic of cryptocurrencies, Schiff isn't completely against digital finance. He's expressed growing interest in gold-backed tokens—digital assets that represent ownership in real, physical gold. Schiff believes these kinds of assets combine the technological advantages of blockchain with the tangible value of gold, offering a far more reliable alternative to fiat-backed stablecoins or speculative cryptocurrencies. He's even hinted at launching his own gold-backed token project, which would allow investors to own fractional gold assets securely via blockchain. This approach reflects a growing demand for trustworthy digital alternatives that are actually tied to real-world value, unlike the often-unbacked tokens circulating in the crypto market. Is Bitcoin losing its edge as digital gold? Despite crossing $105,000 in June, Bitcoin's 2025 performance still trails gold in several critical ways: Schiff points out that Bitcoin is still 15% below its all-time high when priced in gold terms — suggesting that even in 'bullish' crypto conditions, gold is winning the long game. Bitcoin adoption remains retail-driven, while gold is gaining traction with sovereign institutions. To Schiff, this is proof that Bitcoin is not replacing gold — it's competing in a different, more speculative category. Why Schiff Believes Gold Will Win Peter Schiff's main points can be broken down into five key reasons why he believes gold is about to dominate: 1. Centuries of Proven Value Gold has a multi-thousand-year track record as a store of value, while Bitcoin is still relatively new and untested over full economic cycles. 2. Institutional Preference While retail traders may favor crypto for short-term gains, governments and central banks are steadily accumulating gold—not Bitcoin—suggesting where long-term confidence lies. 3. Performance in Crises During recent geopolitical and economic shocks, gold has consistently performed well, while Bitcoin has often dropped in value—challenging its 'safe-haven' status. 4. Asset Backing and Intrinsic Worth Gold is a physical commodity with tangible uses in industry, jewelry, and currency backing. In contrast, crypto is purely digital, with no intrinsic utility beyond its perceived scarcity. 5. Sustainable Market Dynamics The rise in gold prices is fueled by real-world demand and supply constraints. Crypto, on the other hand, often moves based on market sentiment, influencer promotion, or sudden policy announcements. Are investors starting to agree with Schiff? While the crypto community continues to push Bitcoin adoption, mainstream investors and institutions are quietly favoring gold: Gold-backed ETFs have seen net inflows of over $45 billion globally in 2025, the largest since 2020. Meanwhile, Bitcoin ETF inflows have slowed, with many investors citing regulatory risks, energy concerns, and high volatility. Even major hedge funds like Bridgewater, BlackRock, and Ray Dalio's camp have increased gold exposure this year — while keeping crypto allocations flat or trimmed. A Balanced Investment Perspective While Schiff's outlook strongly favors gold, many financial analysts recommend a balanced investment strategy. Crypto continues to offer high potential returns, particularly for risk-tolerant investors looking for short- to medium-term gains. Meanwhile, gold remains a reliable long-term hedge against inflation and currency debasement. Investors may consider holding a diversified portfolio that includes both assets—allocating more weight to gold for stability, and a smaller portion to crypto for speculative growth potential. Schiff's warnings are particularly important for those who are overexposed to digital assets without a fallback. Gold-Backed Digital Assets: The Best of Both Worlds? As the finance industry evolves, more investors are exploring hybrid solutions—especially gold-backed cryptocurrencies or tokenized assets. These allow users to enjoy the transparency and speed of blockchain while maintaining the value security of gold. This trend aligns with Schiff's prediction that digital finance will not disappear—but it must be rooted in real, tangible value to be sustainable. The future, he argues, isn't crypto or gold. It may be a blend of both—with gold still setting the standard. Is gold really outperforming crypto in 2025? According to both the data and sentiment in 2025, yes — gold is having a stronger year than Bitcoin. Metric Gold Bitcoin / Crypto ETFs Central bank demand 1,000+ metric tons/year 0 official reserve adoption YTD 2025 price return +25% +14.5% Volatility Low (~1/3 of BTC volatility) Very high (tech-stock behavior) ETF inflows $45+ billion Slowing, uneven 2025 price target $3,675–$4,000 per ounce Uncertain, wide estimates Peter Schiff's recent statement that 'gold will leave crypto in the dust' may sound provocative, but it reflects growing concerns about the long-term viability of digital assets. With central banks accumulating gold, gold prices outperforming many crypto assets, and macroeconomic instability on the rise, Schiff's call to return to fundamentals is gaining traction. Whether or not you agree with his stance, his message is clear: in times of uncertainty, gold shines—and Schiff believes its luster will soon outshine crypto's digital dazzle. FAQs: Q1. Why does Peter Schiff believe gold will outperform crypto in 2025? Because gold is more stable, widely trusted, and backed by central banks, unlike volatile cryptocurrencies. Q2. What makes gold a better safe-haven asset than Bitcoin, according to Schiff? Gold performs better during crises and has real, long-term value—not just market hype.
Yahoo
6 days ago
- Business
- Yahoo
Peter Schiff Says Gold's About To Explode—And Bitcoin Will Foot The Bill
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Peter Schiff is back with a golden prophecy—and this time, he thinks Bitcoin (CRYPTO: BTC) holders are going to pay for it. According to Schiff, the long-time gold advocate and crypto critic, we're nearing "another big leg up" in gold and silver, one that could finally jolt Wall Street out of its digital daze and back into the arms of precious metals. And the kicker?He believes the first wave of capital flooding into gold and silver stocks will come straight from the crypto crowd. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Gold's Steady Climb Vs. Bitcoin's Flashy Bounce It's not an entirely far-fetched notion. Gold is quietly having a banner year. Spot gold (XAUUSD) is up 29.62% year-to-date and 41.55% over the past 12 months—numbers that would typically dominate headlines if not for the louder, more volatile presence of Bitcoin. The SPDR Gold Trust (NYSE:GLD), which invests in spot gold, has consequently witnessed a similar surge. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Thor Metals Group: Best Overall Gold IRA Bitcoin, by comparison, has surged 75.64% over the past year, including a 16.56% pop just in the last month. Year-to-date, BTC is up 27.69%. Matching the surge are Bitcoin-tracking ETFs such as the iShares Bitcoin Trust ETF (NASDAQ:IBIT) (up 22.28% YTD), the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) (+22.17% YTD) and the Grayscale Bitcoin Trust (NYSE:GBTC) (+21.19% YTD). But Schiff argues that crypto's rally is nearing exhaustion and that some profit-taking could soon fund a rotation into "real" assets. This isn't just a macro rant. Schiff's timing is aligning with growing chatter among institutional investors about gold's role as a geopolitical hedge – especially as central banks continue their buying spree and global tensions Miners Could Be The Real Jackpot Schiff doesn't just want you stacking gold bars—he's eyeing the miners. He believes gold and silver mining stocks are poised to surge in lockstep with the metals themselves, a move that could finally draw Wall Street's attention. The VanEck Gold Miners ETF (NYSE:GDX), the VanEck Junior Gold Miners ETF (NYSE:GDXJ) and the Global X Silver Miners ETF (NYSE:SIL) are popular ways to get exposure to gold and silver miner stocks. While mining stocks have lagged in recent years, they tend to outperform when gold breaks out—and Schiff is betting this is one of those times. Whether you buy into Schiff's anti-crypto stance or not, the idea of Bitcoin profits fueling the next gold rush is gaining traction. And if he's right, the digital gold could soon be paying for the real stuff. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo: oekka.k on This article Peter Schiff Says Gold's About To Explode—And Bitcoin Will Foot The Bill originally appeared on
Yahoo
21-07-2025
- Business
- Yahoo
Trader dumps asset after turning $100 into $2M
Trader dumps asset after turning $100 into $2M originally appeared on TheStreet. Bitcoin is amidst a historic price rally this cycle, and traders are loving it. Since BTC hit an all-time high (ATH) of $119,671.56 last week, traders have been conflicted over holding or liquidating the cryptocurrency. However, there is one trader who has resolved the dilemma and decided to sell all their BTC holdings. And it turns out, the trader seems to have reaped 20,000 returns on their investments over 13 years. The crypto trader, who goes by the handle @BTCBreadMan on X, shared with their 11,000 social media followers that they sold all their Bitcoin on July 21. "This is enough for me. I turned $100 into $2 million in 13 years." The trader said they will now invest in lower-risk assets and live the rest of their life they shared no details regarding their BTC holdings, we concluded that they must have sold around 17 BTC today, given that the asset was trading within the $118,000-$119,000 price range before they posted the message on X. Peter Schiff shares characteristic response Peter Schiff, known for his usually dismissive attitude toward Bitcoin, congratulated @BTCBreadMan and said, "I just feel bad for the fools who bought it from you." It's clear that Schiff's opposition to the cryptocurrency continues unabated even as BTC recently hit another record high. He also asked the trader to invest in non-U.S. real assets before inflation turns the purchasing power of $2 million to that of $100. As per Kraken's price feed, Bitcoin was trading at $117,399.58 at the time of writing, nearly 5% lower than its ATH. Trader dumps asset after turning $100 into $2M first appeared on TheStreet on Jul 21, 2025 This story was originally reported by TheStreet on Jul 21, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Business
- Yahoo
Peter Schiff Dismisses Bitcoin's Scarcity: 'The Supply of Bitcoin Is Actually Meaningless'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Prominent economist and gold bug Peter Schiff has taken yet another swipe at Bitcoin, this time questioning the asset's perceived scarcity. 'What if Bitcoin's supply was 21B instead of 21M?' Schiff said on July 12 on X, suggesting that it could be the case if 1 BTC was redefined as 100,000 satoshis instead of 1 million satoshis. 'Would it still feel scarce?' he said, adding, '100M is just an arbitrary construct. The supply of Bitcoin is actually meaningless—it's the satoshi supply that counts.' Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Schiff's critique of Bitcoin's supply attempts to highlight how the asset's valuation is tied to the perception of its scarcity. But as highlighted by many Bitcoin proponents in response to Schiff, nothing fundamentally changes, no matter how you try to look at it. One user likened the argument to saying one can have more pizza by cutting it into smaller slices. Ethereum Foundation acceleration team member Binji Pande added that the same argument could be made against gold's scarcity by redefining ounces. 'What if you were a giant purple dinosaur instead of a man? Absurdity invites more absurdity,' value investor and Bitcoin proponent Mike Alfred submitted. Schiff's critique of Bitcoin's scarcity followed an impressive week for the asset that saw it break high after high while gold stagnated. He attributed this outperformance to a surge in risk sentiment, dismissing any notion that it was proof of one asset being superior to the other. Trending: New to crypto? on Coinbase. 'CNBC is once again touting Bitcoin's recent outperformance of gold,' he said. 'But Bitcoin is a risk asset — it rallied with tech stocks. $NVDA hit a new record high today. The $QQQ is barely off its record high set Wednesday. In that environment, gold — a safe haven — has traded sideways.' Schiff added that silver was also rallying and had better potential than Bitcoin in his view. He said, 'while Bitcoin can easily crash, silver's downside seems very limited.' In April, Schiff said that the U.S. was on the cusp of a financial crisis worse than the Great Depression, citing President Donald Trump's tariffs. He said 2025 would be the end of Bitcoin if the predicted financial crisis materialized. So far, however, the market has moved in the opposite direction. Instead of a crash, equities and cryptocurrency assets have rallied. Bitcoin, in particular, has surged over 65% since Trump's April tariff announcement to trade as high as $123,000 from $74, like Bitwise investment chief Matt Hougan have chalked up the asset's rally to 'massive unrelenting demand meeting limited supply,' citing purchases from exchange-traded funds and public corporations. Speaking to Yahoo Finance last week, Hougan said he expected the buying pressure to continue and Bitcoin's price to run higher as a result. 'I think once we break the gravity of around $100,000, where we've been trading in and out of for the last 6 months, I think it's sort of anyone's guess where we go,' he said. 'Here at Bitwise, we expect Bitcoin to top $200,000 by the end of the year.' Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Image: Shutterstock This article Peter Schiff Dismisses Bitcoin's Scarcity: 'The Supply of Bitcoin Is Actually Meaningless' originally appeared on Sign in to access your portfolio
Economic Times
13-07-2025
- Business
- Economic Times
Cryptocurrency Live News & Updates : ICP Rises 4% Ahead of Caffeine Launch
14 Jul 2025 | 02:40:11 AM IST ICP has increased by 4% to approximately $5.48 as anticipation builds for the launch of Caffeine, an AI-driven platform for creating Web3 applications, set for July 15 in San Francisco. In the latest cryptocurrency news, ICP has seen a 4% rise, trading at around $5.48, fueled by excitement for the upcoming launch of Caffeine, an innovative platform that allows users to build decentralized Web3 applications using natural language commands. This event, titled 'Hello, Self-Writing Internet,' is scheduled for July 15 in San Francisco. Meanwhile, the crypto landscape is buzzing with the recent ICO of a Solana-based memecoin launchpad, which sold out in just 12 minutes despite concerns over its revenue drop and the potential risks for investors. Additionally, Peter Schiff has sparked debate by questioning the significance of Bitcoin's 21 million supply cap, suggesting that the perceived scarcity is merely psychological. As Bitcoin continues to reach record highs, discussions around 'hyperbitcoinization' are gaining traction, indicating a shift in ownership from individuals to institutions and governments. This week, investors are advised to keep an eye on notable cryptocurrencies such as Trump Coin, ApeCoin, and Arbitrum, as they navigate through token unlocks and market volatility. Show more
