As financial markets spiral, gold bull Peter Schiff has reignited the debate over Bitcoin’s long-term survival. His latest warning? The 2025 financial crisis will “kill” Bitcoin.

But why does Schiff believe this—and what does it mean for investors?

What Sparked the Concern?

The U.S. economy has taken a major hit. After President Trump’s announcement of 125% tariffs on Chinese goods, $2 trillion was wiped from the stock market in two days. Bitcoin ETFs lost $900 million. Even the U.S. dollar fell 2.3% against global currencies.

In this environment, Schiff argues, Bitcoin’s volatility is a fatal flaw.

Why Schiff Thinks Bitcoin Will Fail

Bitcoin was created in response to 2008’s meltdown as a trustless, decentralized financial alternative. Schiff claims it hasn’t lived up to that vision.

He points out:

• Bitcoin reserves are down 12% since their creation
  
• Gold is at an all-time high of $3,221
  
• Crypto outflows show a lack of investor confidence
  

Schiff also criticizes Michael Saylor’s firm and the U.S. government for holding Bitcoin instead of gold—claiming they’d have made a 2% gain if they held bullion instead.

The Bigger Picture: Is Bitcoin a Safe Haven?

Schiff’s warning raises a core question: Can Bitcoin serve as a long-term store of value? With market confidence shaken, gold is looking like the more stable choice—at least for now.

But crypto markets are nothing if not unpredictable. While Schiff sees failure, others view volatility as an opportunity.