Financial expert Peter Schiff advocates selling all Bitcoin to invest in gold mining stocks, calling it the best trade now. With Bitcoin seen as a risky asset, and gold reaching record highs, Schiff’s own reserve strategy exemplifies ineffective cryptocurrency investment. He critiques Michael Saylor’s strategy while noting contrasting market performances reported by analysts.
Financial commentator Peter Schiff, known for his accurate prediction of the 2008 market crash, now advises investors to sell all Bitcoin and invest in gold mining stocks. He refers to Bitcoin as a high-risk asset facing a significant decline, while gold continues to reach new all-time highs, recently hitting $3,291 per ounce. Currently, Bitcoin trades at $83,445 on Bitstamp, with trends indicating a difficult trading session for U.S. equities due to ongoing tariff concerns.
Schiff has initiated his own strategic reserve, started on March 8, which currently holds merely 0.055 BTC, approximately valued at $4,600. He has vowed to allow this reserve to diminish as a demonstrative measure of ineffective investment practices in cryptocurrencies, stating, “I have not sold any. I’m allowing the reserve to crash as an example of what not to do.” He previously suggested that Bitcoin’s price could plummet to $10,000.
In addition, Schiff mocked Michael Saylor’s rebranding of Strategy, implying it should have been renamed “Micro” instead, considering its current stock performance. Despite his criticisms, Bloomberg analyst Eric Balchunas pointed out that Strategy significantly outperformed tech stocks in 2025, highlighting a contrasting perspective on investment success in current markets.
