Peter Schiff Attacks Bitcoin Investors Again: "Just Enjoy Living Poor"

In a post shared on social media at the end of July 22, Schiff claimed that his investment in gold and silver mining stocks has far outpaced the growth of Bitcoin in 2025.
"Bitcoin has increased by 27% as of now in 2025, while $GDX has risen by 61%," Schiff wrote, referring to the VanEck Gold Miners ETF. He also added that he holds much more mining stock capital than those called "Bitcoin whales" hold in cryptocurrency, ending the article with a sarcastic remark: "Keep living poor and happy, Bitcoin players!"
This comment has rekindled the long-standing debate between gold supporters and cryptocurrency enthusiasts. While Bitcoin is praised by its advocates as "digital gold," Schiff continuously argues that it lacks intrinsic value and remains a speculative asset easily influenced by market hype.
His tweet comes at a time when both Bitcoin and gold-related assets have increased in value this year amid ongoing global economic instability. However, Schiff's emphasis on the performance of GDX suggests that he believes the gold sector has better fundamentals in the long run.
With Bitcoin continuing to attract institutional investors and gold reaching new highs, the debate between the two sides shows no signs of cooling down. Currently, Schiff is clarifying which side he believes is prevailing.