Bitcoin in Danger? Peter Schiff Warns Massive Crash Ahead — ‘Buy Gold Now!
Peter Schiff Renews “Gold Over Crypto” Warning as Bitcoin Nears $100,000
As Bitcoin hovers near the $100,000 mark and gold approaches $4,000 per ounce, veteran economist and gold advocate Peter Schiff has reignited one of the financial world’s longest-running debates — gold versus Bitcoin.
In a recent post dated November 7, 2025, Schiff once again warned investors that Bitcoin’s rally is on the verge of collapse, claiming the digital asset could soon crash below the critical $100,000 support level. At the same time, he reiterated his bullish stance on gold, predicting it will soon break above $4,000 and “enter a new phase of price discovery.”
“Sell your Bitcoin and buy gold,” Schiff wrote, echoing the same refrain he has used for over a decade. His post, which quickly went viral on X (formerly Twitter), sparked renewed discussion among traders, investors, and economists about whether the future belongs to traditional safe-haven assets or decentralized digital currencies.
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| Source: Official X |
Schiff’s Argument: Bitcoin on the Edge, Gold Ready to Shine
Schiff’s latest comments came as the crypto market showed signs of cooling after months of strong performance. Bitcoin, which reached as high as $102,148 earlier this week, was struggling to hold above the $100,000 level — a psychological and technical threshold for many traders.
According to Schiff, this setup signals the beginning of another Bitcoin correction. He described the current rally as “exhausted,” noting that BTC’s value has risen too fast compared to its fundamentals. In contrast, gold’s slow but steady climb to the $4,000 range, he argued, reflects “real value, not speculation.”
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“Bitcoin is testing support at $100,000, and I expect it to fail,” Schiff stated. “Gold is testing $4,000, and I expect it to break higher. One is money. The other is just another bubble.”
Schiff also used the opportunity to promote his own precious metals brokerage, encouraging investors to move away from digital assets and toward physical gold and silver — a strategy he believes provides true protection against inflation and systemic risk.
Market Context: Gold and Bitcoin at Crossroads
The renewed debate between gold and Bitcoin comes at a pivotal moment for global markets. Inflation remains stubbornly high in several major economies, central banks have begun cutting rates, and institutional investors are diversifying their portfolios into alternative assets.
As of November 8, 2025, Bitcoin was trading around $102,100, up 1.4% in the past 24 hours, while gold held steady near $4,000 per ounce, marking a new historical record for the precious metal.
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| Source: Website |
Despite Schiff’s warnings, market analysts note that both assets are showing resilience in the face of macroeconomic uncertainty. “We’re seeing a dual narrative play out,” said Lydia Grant, senior market strategist at Horizon Analytics. “Gold remains the traditional hedge against inflation, while Bitcoin represents a new generation’s hedge against fiat devaluation.”
So far, the data suggests investors are not abandoning Bitcoin in favor of gold, as Schiff recommends. Institutional inflows into Bitcoin ETFs have continued to rise in recent weeks, and major investment firms are still increasing their crypto exposure.
A Decade of Missed Predictions
Peter Schiff’s skepticism toward Bitcoin is nothing new — and neither are his failed forecasts.
Since at least 2013, Schiff has predicted the “inevitable collapse” of Bitcoin at nearly every major market cycle. In 2018, when Bitcoin traded around $3,800, he declared that the asset was “heading to zero.” Instead, BTC went on to rally to new all-time highs above $60,000 just three years later.
Again, in early 2025, Schiff predicted Bitcoin would not surpass $90,000, claiming it was “a textbook speculative bubble.” By late October, Bitcoin had proven him wrong yet again, breaching six figures for the first time since its 2021 peak.
While gold has indeed appreciated over the years — rising roughly 70% since 2009 — Bitcoin’s performance dwarfs it, with a 2,500% gain in the same period. The contrast between the two assets has become a key point in the broader discussion about modern value storage and generational investing behavior.
“Peter Schiff has been calling for Bitcoin’s death longer than most people have been in crypto,” quipped Anthony Pompliano, a prominent Bitcoin advocate. “At this point, his tweets are almost a bullish indicator.”
Social Media Reaction: A Familiar Backlash
Within hours of Schiff’s post, social media platforms lit up with reactions. His message gathered over 360 comments on X, with most users mocking his prediction record.
Crypto enthusiasts were quick to point out that Schiff’s bearish calls have often coincided with major market bottoms. “When Schiff says sell, it’s usually time to buy,” one user commented.
Others highlighted the irony that despite his constant criticism, Schiff’s own son, Spencer Schiff, is a vocal Bitcoin supporter. “Imagine being bearish on Bitcoin when your son’s portfolio is outperforming yours by 1,000%,” joked another user.
Still, some traditional investors supported Schiff’s stance, arguing that Bitcoin’s volatility makes it unsuitable as a long-term store of value. “Gold’s track record spans thousands of years. Bitcoin’s history is barely over a decade,” wrote one respondent.
Bitcoin vs. Gold: The Eternal Debate
The gold-versus-Bitcoin debate has been one of the most persistent themes in modern finance. Supporters of gold argue that it has intrinsic value, historical credibility, and physical scarcity. Proponents of Bitcoin, on the other hand, see it as a revolutionary technology offering digital scarcity, portability, and resistance to censorship.
Economists say that while both assets can serve as inflation hedges, they cater to different investor mindsets. Gold attracts conservative, risk-averse investors, while Bitcoin appeals to younger generations seeking autonomy from the traditional banking system.
“There’s a psychological element here,” said Professor Nathan Rowe of the London School of Economics. “Gold investors value tradition. Bitcoin investors value disruption. Both are reacting to the same fear — the decline of trust in fiat money — but they express it differently.”
No Clear Winner Yet
For now, the data shows no decisive victory for either camp. Bitcoin remains one of the best-performing assets of the decade, despite volatility and periodic crashes. Gold continues to be a reliable safe haven, maintaining purchasing power over time and attracting institutional demand during crises.
In the coming weeks, analysts expect both assets to remain sensitive to macroeconomic events — especially U.S. inflation data, central bank decisions, and any geopolitical tensions that might influence global risk appetite.
As one trader summed it up: “Schiff might be right one day, but he’s been wrong for 10 years straight. Until Bitcoin actually collapses, his predictions are just background noise.”
Conclusion
Peter Schiff’s renewed call for investors to abandon Bitcoin and embrace gold is a reminder of how deep the divide remains between traditional and digital finance. While his views resonate with some conservative investors, history has repeatedly shown Bitcoin’s resilience and its ability to defy even the most confident critics.
Whether the next few months prove Schiff right or wrong, one thing is certain: the world is watching as two of history’s most fascinating assets — gold and Bitcoin — continue their silent battle for the title of “true store of value.”
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