Schiff Predicts 2025 Crisis Will End Bitcoin Era
Prominent economist and gold advocate Peter Schiff has issued a stark prediction about Bitcoin’s future amid the current market turbulence, claiming the cryptocurrency that emerged from the 2008 financial crisis will meet its demise in the economic turmoil of 2025. His provocative statement comes as traditional markets and cryptocurrencies experience significant volatility following recent trade policy announcements.
“Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it,” Schiff declared on social media platform X on Thursday. The economist’s comments coincide with what many analysts are calling one of the worst market crashes in recent memory, according to Crypto Times.
Schiff, a long-time Bitcoin skeptic who has previously labeled the cryptocurrency as “digital risk,” has intensified his criticism as global financial markets experience extreme turbulence. His remarks follow the “Black Monday” event on April 7, which saw stocks, cryptocurrencies, and various other asset classes experience significant declines.
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Gold Rises as Bitcoin Falls
While Bitcoin struggles to maintain stability, gold has surged to unprecedented heights, reaching above $3,175 on April 9. The precious metal gained $90 that day and $100 the previous day, reinforcing Schiff’s long-standing position that gold remains the superior store of value during economic uncertainty.
In contrast, Bitcoin recently dipped below $80,000, prompting Schiff to taunt MicroStrategy CEO Michael Saylor, a prominent Bitcoin advocate. “Now that Bitcoin is below $80K, if you want to prevent it from crashing below your average cost of $68K, you had better back up the truck with borrowed money today and go all in,” Schiff wrote, as reported by Crypto Times.
The economist also questioned how many Bitcoin holders are prepared to “ride it to zero,” directly challenging Saylor’s unwavering conviction in the cryptocurrency’s long-term value proposition.
Strategic Bitcoin Reserve Under Fire
Schiff has also criticized the U.S. Strategic Bitcoin Reserve, launched by the Trump administration on March 6, 2025. He pointed out that the reserve has already lost more than 12% in value, arguing that had the U.S. invested in gold instead, it would have seen a 2% gain during the same period.
“Had the U.S. sold it and added to our gold reserve, not only would we have avoided that loss, but we would now have a 2% gain,” Schiff noted, continuing his advocacy for gold as the true safe haven asset during economic downturns, according to Yahoo Finance.
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
Ethereum Not Spared
Ethereum, the second-largest cryptocurrency by market capitalization, has not escaped Schiff’s critical gaze. As ETH crashed below $1,500 for the first time in over two years, dropping nearly 20% overnight to just above $1,400, Schiff predicted further decline. “I don’t think it will be long before it breaks below $1,000,” he warned.
This prediction came shortly after Eric Trump had endorsed Ethereum, which subsequently experienced a significant price drop. Schiff has previously cautioned against taking investment advice from the Trump family, particularly regarding cryptocurrencies.
Market Response to Tariff Policies
Market volatility intensified following President Trump’s announcement of a 90-day tariff pause on April 10, which triggered a wild market rebound. Schiff, however, remained unimpressed, noting that the dollar suffered one of its worst days ever, falling 2.3% against the euro and yen and 3.9% against the Swiss franc.
“Does this seem like we’re winning the trade war?” he questioned as gold stocks soared nearly 5% and Treasury yields spiked. Schiff has been vocal about his criticism of Trump’s tariff strategies, comparing them to historical economic blunders.
Bitcoin’s Resilient History
Despite Schiff’s dire predictions, Bitcoin has a history of defying its critics. According to Yahoo Finance, Bitcoindeaths.com reveals that had an investor put just $100 into Bitcoin each time it was declared “dead” – which has happened 429 times to date – they would now be sitting on more than $83 million.
As markets continue to navigate the choppy waters of 2025, with stagflation fears emerging and tariff disputes disrupting global trade, Schiff’s gold-over-Bitcoin argument has resonated with many investors seeking stability. The ongoing debate represents a fundamental clash between traditional and emerging financial paradigms.
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