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**Warning from Peter Schiff to Michael Saylor: Here’s What Will Consume Bitcoin**
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Peter Schiff, who is well-known for his contentious remarks regarding Bitcoin, is back at it. The financial guru went into detail on X about what he thinks has been happening right in front of our eyes: Bitcoin (BTC) has been experiencing a bear market for a while, but few have seen it because they have been analyzing it incorrectly.
Schiff does not discuss Bitcoin in terms of dollars, as the majority of people do. Instead, he emphasizes Bitcoin’s value in comparison to gold, which he has long supported as the best form of currency.
Back in 2021, when Bitcoin reached its highest point, one BTC could purchase 36.3 ounces of gold. According to Schiff, the same BTC is now worth 27.7 ounces of gold, a 24% decrease.
> For the first time ever, gold surpassed $3,000. Silver is still below its August 2020 high of $35.08, but it has surpassed $34. I think it will surpass that high the following week. If it does, I anticipate it will reach a new record high of over $50 by the end of the year. Gold needs to increase by $4,400 to equal that gain. Purchase silver.
> — Peter Schiff (@PeterSchiff) March 14, 2025
In other words, Bitcoin has been losing ground for years if gold is the standard, despite the volatility and price increases that frequently dominate headlines.
## Peter Schiff: Bitcoin is inferior to gold.
In the midst of the current Bitcoin discussion, Schiff’s latest comments underscore the central dispute. While supporters promote Bitcoin as an inflation safeguard and a groundbreaking monetary instrument, doubters such as Schiff contend that its enduring worth suggestion remains uncertain. They regard Bitcoin as a perilous asset, similar to a tech stock beta examination.
The contention is simple: Gold has been around for centuries, whereas Bitcoin is just more than ten years of age. Eventually, time will uncover which asset can genuinely endure the trial of time.
Schiff explicitly focused on Michael Saylor, CEO of MicroStrategy and a blunt crypto advocate. He stressed that it’s not just about Bitcoin losing worth against gold, but about gold’s sustained supremacy. In Schiff’s perspective, gold remains the foremost predator in the monetary world, a genuine store of worth that will eventually outlive digital competitors like Bitcoin.
