Bitcoin's Holiday Slump: A Gold Bug's Perspective

Peter Schiff, a well-known gold advocate, has once again taken aim at Bitcoin. This time, he's using the recent holiday season to make his point. Schiff argues that Bitcoin's performance during this period was lackluster, while gold and silver saw gains. He even suggested that selling Bitcoin to buy silver was one of the best trades of 2025. Schiff's criticism doesn't stop there. He claims that over the past four years, Bitcoin has lost nearly half its value compared to gold and more than half compared to silver. He even joked that the only Christmas gift Bitcoin holders received was a rally they could sell into.Appearing on CNBC, Schiff criticized commentators who urge investors to buy Bitcoin. He believes they misunderstand both gold and crypto. His core argument is that Bitcoin has failed to rise during rallies in tech stocks or precious metals. He concludes that the remaining buyers are already in and with no upside left, the only direction is down. Schiff's blunt assessment has sparked debate. Some agree with his perspective, while others see it as a biased view from a gold bug. Regardless, his words serve as a reminder that the crypto market is still highly volatile and unpredictable.