Peter Schiff , the guy who nailed the 2008 financial crash prediction is back with another hot take, and it’s got Bitcoin fans sweating bullets.
His advice? Sell all your Bitcoin and go all-in on gold mining stocks. Schiff thinks Bitcoin is the ultimate risk asset, and gold? That’s the safe haven shining brighter than ever.
In my opinion, the best trade you can make right now is to sell all your Bitcoin and any other crypto you may hold and go all-in on gold and silver mining stocks. Don't wait. Sell right now and move into miners ASAP. You can thank me later. https://t.co/IUE4Y24K6b
— Peter Schiff (@PeterSchiff) April 15, 2025
Shine
Gold just hit an all-time high of $3,290 today, while Bitcoin is cruising along at $83,400 on Bitstamp.
And with U.S. stock futures down 1.5% amid tariff fears, Schiff sees Bitcoin heading for another rough trading session. To him, this is proof that gold is king and Bitcoin is just a gamble.
Schiff isn’t just talking, he’s making moves to prove his point. Back in March, he set up a strategic reserve for Bitcoin donations from crypto enthusiasts. The result? 0.055 BTC, worth about $4,600 at today’s prices.
And guess what? He hasn’t sold a single satoshi. Instead, he’s letting the reserve crash as a lesson in what not to do with your money. We hope he won’t losing the private keys like he did last time.
$10,000?
Schiff’s disdain for Bitcoin doesn’t stop there. He’s been vocal about his prediction that BTC could crash to $10,000, a far cry from its dizzying highs earlier this year.
And he didn’t miss the chance to throw shade at Michael Saylor’s MicroStrategy either, joking that they should’ve rebranded to “Micro” because of their stock price struggles.
Dips here and there
But not everyone agrees with Schiff’s doom-and-gloom outlook for Bitcoin. Bloomberg analyst Eric Balchunas recently pointed out that MicroStrategy has actually outperformed tech stocks in 2025.
So while Schiff is busy calling Bitcoin a sinking ship, others are saying it still has life left in it.
The big question now? Is Schiff onto something, or is this just another case of being overly dramatic?
Sure, gold looks solid right now, but Bitcoin has bounced back from worse dips before. Some experts even predict it could hit $150K by the end of the year.
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Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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