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

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Schiff Takes Aim at Bitcoin During Holiday Season

Peter Schiff, a prominent gold advocate, has once again targeted Bitcoin. Using the recent holiday season as a backdrop, Schiff argues that Bitcoin's performance 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.

Bitcoin's Performance Over the Past Four Years

Schiff 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 humorously remarked that the only Christmas gift Bitcoin holders received was a rally they could sell into.

Criticism of Bitcoin Commentators

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.

Debate Sparked by Schiff's Comments

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.