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Bitcoin vs Gold: Peter Schiff Explains Why Central Banks Choose Yellow Metal over BTC

May 24, 2025

1 min read

Bitcoin critic Peter Schiff has reignited the never-ending Bitcoin vs Gold debate with his recent post on X, outlining his divergent views on the two assets. His argument centered on the growing trend of global central banks favoring gold reserves over Bitcoin. Gold Wins, Bitcoin Loses: Peter Schiff Explains Central Banks’ Choice In his recent X post, Peter Schiff doubled down on gold as the ultimate safe-haven asset. Via his thread, Schiff, a vocal Bitcoin critic, once again emphasized gold’s superiority over BTC. Referring to the foreign central banks’ increasing adoption of the traditional asset as a reserve, he stated, If gold is the past and Bitcoin is the future, why are foreign central banks that are preparing for a future where the U.S. dollar is no longer the reserve currency, replacing their dollar reserves with gold and not Bitcoin? According to Peter Schiff, the growing trend of the precious... Read More at Coingape.com

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