Peter Schiff Declares Bitcoin’s Era Over Despite Past Performance

The year 2025 has been a rough ride for Bitcoin despite its impressive past history, giving critics a chance to speak against it. One of the top critics, Peter Schiff has said that Bitcoin’s era is past despite the price history of the asset.

Schiff spoke in response to a Bitcoin proponent who said Bitcoin had greatly outperformed both silver and gold based on data from 2015. The argument is coming at a time when gold and silver have outperformed Bitcoin, leaving it in the dust with the rest of the crypto market. 

Peter Schiff Writes Bitcoin Off as Gold Rallies

Gold began its rally in October, when it reached a new all-time high of $4,000. Since then, the metal, alongside silver, has been breaking new all-time highs, recently topping $4,500. The rally closely coincided with the beginning of Bitcoin’s price struggle which started with a crash from the all-time high of $26,000 to around $110,000.

Since then, the price has been moving downwards, reaching a low of $83,000 which represents a fall of over 30%. Bitcoin has also failed to recover from the fall, currently being held in a trading range that sellers have held it in. Just today, the asset broke out of the range, but selling pressure pressed it right back in. 

Because of this underperformance, Schiff has severally criticized Bitcoin, even concluding that the asset is dead. He once said Bitcoin was lagging behind gold and silver because it was not the digital gold that its proponents say it is. According to Schiff, Bitcoin has done worse than gold and silver in the last four years, showing that its time has passed.

Meanwhile, both gold and silver started correcting today after weeks of upward movement. As the previous pattern has been, analysts expect that Bitcoin will go on its own rally following the retrace, but this also remains to be seen.

Bitcoin Trend Could Change in 2026

While Schiff is busy criticizing and writing off Bitcoin, indications are showing that the asset will likely outperform both gold and silver in 2026, and the current correction may be pointing to this possibility.

Recent prediction data from Polymarket shows that Bitcoin will outperform gold and S&P 500 in the new year. Another key metric, the gold-Bitcoin ratio has also flashed red against gold with a tendency to favor Bitcoin.

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