Peter Schiff Gold Prediction: Could Gold Outperform Bitcoin?

Investor and gold advocate Peter Schiff recently made headlines with a bold statement. According to Coin Bureau, he said that gold is more likely to reach $1 million per ounce than Bitcoin. Schiff is well-known for being skeptical of cryptocurrencies. He believes that digital assets are risky and speculative, while gold is a proven store of value. Peter Schiff’s gold prediction has sparked debate among investors and crypto enthusiasts, with questions about the future of gold and Bitcoin.

🚨PETER SCHIFF: “Gold is more likely to hit $1 million than #Bitcoin.” pic.twitter.com/itvOxXKncT

— Coin Bureau (@coinbureau) October 17, 2025

Schiff’s View on Bitcoin

Peter Schiff has often criticized Bitcoin. He says it has no intrinsic value and is highly volatile. Bitcoin’s price moves mainly because of hype and speculation. Schiff warns that it can spike quickly but also crash sharply. He claims that this makes Bitcoin too risky for a lot of investors.

“People trust Bitcoin, but it lacks the stability and reliability of gold,” Schiff said. His perspective is consistent with his long history of promoting gold as a safe investment. He sees gold as a hedge against inflation and economic uncertainty.

Why Gold Could Go Higher

Schiff argues that gold’s scarcity and historical role as a store of wealth give it an advantage. Over centuries, gold has preserved value during crises, wars and inflation. Unlike Bitcoin, gold is physical, tangible and recognized worldwide, and doesn’t depend on technology or networks.

According to Schiff, these qualities could allow gold to reach great prices over time. He says that if global economic confidence declines, gold will remain a reliable asset. While $1 million per ounce is extreme, the statement emphasizes his belief in gold’s long-term potential.

Crypto Community Pushback

Schiff’s statement has gotten criticism from the crypto world. Many argue that Bitcoin’s limited supply and decentralized nature make it a modern alternative to gold. They point to growing adoption by individuals and institutions.

Analysts also note that gold and Bitcoin are different types of assets. Gold has centuries of history. Bitcoin is just over a decade old. While gold is stable, Bitcoin offers high growth potential but with more risk.

What Investors Should Consider

Schiff’s comments remind investors that opinions vary a lot. Conservative investors may favor gold for safety. Risk-tolerant investors may prefer Bitcoin for possible gains, and both choices involve trade-offs.

The statement is not a literal prediction. It is a warning about the risks of ignoring traditional assets. Investors need to balance potential returns with safety.

Gold’s Role in Today’s Market

Peter Schiff’s gold prediction highlights the ongoing debate about money and wealth. While Bitcoin continues to gain attention, Schiff emphasizes that gold still matters. His statement reminds investors to consider both modern digital assets and traditional stores of value. The discussion shows that investors should think about risk, history and long-term strategy.