Economist and long-time gold advocate Peter Schiff on Friday criticized Bitcoin‘s (CRYPTO: BTC) year-to-date decline, highlighting gold’s quiet 18% rally as evidence of the market’s misplaced focus.
What Happened: In a post on X, Schiff challenged the bullish narrative surrounding the U.S. government’s Bitcoin Strategic Reserve and suggested HODLers are ignoring market fundamentals.
Schiff highlighted what he sees as a stark divergence between gold and Bitcoin performance in 2025.
“Despite constant media hype and the Trump Administration establishing a Bitcoin Strategic Reserve, Bitcoin is down 11% YTD,” Schiff wrote. “At the same time, with no media attention, …
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