What Happened: Gold advocate Peter Schiff is taking another victory lap at Bitcoin's (BTC) expense. In a series of posts on X, he mocked what he dubbed a failed "crypto Christmas."
While Bitcoin enthusiasts anticipated a breakout, the cryptocurrency stalled instead. Meanwhile, gold and silver climbed higher. Schiff's prescription for 2025? Sell Bitcoin and buy silver. Simple as that.
His numbers tell a harsh story for crypto believers. Over the past four years, Schiff claims Bitcoin has shed nearly half its value relative to gold and more than half compared to silver. His assessment of the holiday rally? Santa gave BTC holders a gift alright—a chance to sell into strength before things get worse.
Why It Matters: During a CNBC appearance, Schiff went after commentators pushing Bitcoin investments, saying they fundamentally misunderstand both precious metals and cryptocurrency.
His central thesis is straightforward: Bitcoin has failed to rally alongside either tech stocks or precious metals. The buyers who wanted in are already there, he argues, and with no upside remaining, the only path is down.
Schiff ended on a grim note for HODLers. His only hope for them? That Bitcoin's demise, if inevitable, happens quickly rather than dragging out into a slow, painful decline.
