Peter Schiff Warns: Bitcoin’s Final Countdown Begins as Gold Prices Skyrocket in 2025!

Peter Schiff is back at it, swinging hard at Bitcoin amid 2025’s market meltdown. In a bold April 11 post, he declared, “Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.” The statement came just days after “Black Monday” wiped out gains across stocks and crypto. Schiff also mocked Trump’s U.S. Bitcoin Reserve, noting it’s already down 12% since its launch. With gold soaring past $3,175 and Bitcoin price slipping under $80K, Schiff doubled down on his long-time thesis: Bitcoin is no safe haven, and this crisis is proving his point.

Schiff Says “2008 Made Bitcoin, 2025 Will Kill It”

Peter Schiff has reignited the Bitcoin vs. gold debate in dramatic fashion. Amid the chaos of 2025’s financial meltdown, Schiff posted on X:

Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.

— Peter Schiff (@PeterSchiff) April 10, 2025

His words hit the crypto world hard, especially after April 7’s “Black Monday” sent Bitcoin price crashing below $80,000 and wiped out 12% of value from the newly-launched U.S. Bitcoin Reserve.

Schiff didn’t stop there; he took aim at Michael Saylor and mocked the Bitcoin reserve plan, suggesting the U.S. would’ve made a profit by holding gold instead. “We would now have a 2% gain,” he added. While Bitcoin stumbled, gold surged past $3,175 on April 9. Schiff used the moment to highlight the dollar’s weakness and the worsening trade war aftermath following Trump’s 90-day tariff pause. The dollar fell over 2% against major currencies, adding fuel to Schiff’s “crypto can’t save you” argument.

He even predicted Ethereum could soon dip below $1,000. With his classic sarcasm and sharp jabs at Bitcoin holders, Schiff’s criticism has once again stirred the pot, dividing opinions in a market already running on fear, volatility, and gold fever.

Bitcoin Price Actions on April 11

Amid Schiff’s dire prediction, the trading day of April 10th opened with strong bearish momentum. Bitcoin quickly entered an extended oversold phase, testing support at $81,302.63 by 7:30 UTC. A death cross on the MACD around 15:00 UTC added to the bearish outlook, followed by the RSI dipping into oversold territory at 15:45 UTC. This triggered a sharp breakdown, driving BTC to a new support at $78,471.69. However, the sell-off started losing momentum. A golden cross soon formed on the MACD, hinting at a possible reversal. Bitcoin began recovering, gradually climbing with moderate volatility.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 11, 2025

As shown in Chart 1, on April 11th at 1:55 UTC, an overbought RSI signaled increased buying pressure, further confirmed by another golden cross on the MACD at 7:35 UTC. The price re-entered its previous range, signaling strength. According to Bitcoin price action, if bullish momentum continues, BTC could break the $83,588.60 resistance and test $84,000. If not, it may fall back to near $78K.

Schiff’s Gold-First Rant Fuels Doubt Around Bitcoin’s Future

Peter Schiff’s “Bitcoin is doomed” take lands at a time when market sentiment is already shaky. His jabs at the Bitcoin Reserve and Trump tariffs reflect growing doubt about crypto as a safe haven. While gold shines, the Bitcoin price hovers near critical levels. If bulls regain momentum, BTC could retest $83,500; otherwise, a drop below $78K remains on the table.