Peter Schiff is back at it again—sharpening his tongue against Bitcoin, his arch nemesis. The longtime gold advocate and outspoken crypto critic recently took center stage on an X Spaces podcast and launched a fiery attack on Bitcoin and its biggest corporate cheerleader, Michael Saylor.
In true Schiff fashion, he didn’t hold back.
Schiff called Bitcoin a “fraud,” claiming its entire marketing as “digital gold” is misleading. According to him, Bitcoin doesn’t behave anything like the precious metal it’s often compared to.
“The idea that it’s digital gold has been destroyed,” he said. “It trades nothing like gold. It’s just some kind of risky asset.”
Schiff believes Bitcoin was sold as a stable, value-preserving…
