Bitcoin Critic Peter Schiff Challenges President Trump to Economy Debate

In Brief

• Longtime Bitcoin critic Peter Schiff publicly challenged President Trump to a debate on the economy.
• The challenge follows Schiff’s recent debates with top crypto figures and Trump’s criticism.
• The dispute is unfolding against a backdrop of political tensions over Trump’s support for crypto.

Shedrach Kongvong 2025-12-09

After debating with Bitcoin billionaires Changpeng Zhao (CZ) and Michael Saylor on Bitcoin, Peter Schiff has now challenged U.S. president Donald Trump to a fresh debate on the economy. He threw the challenge after the president criticized him for saying the economy was going down.

Schiff in an X post said the president or anyone he assigns should face him in a debate to prove that he is wrong about prices still rising and if the policies of the president are effective and efficacious in tackling the country’s challenges.

Since Pres. Trump called me a jerk and a loser for claiming that prices are still rising when he insists they're coming way down, I challenge him, or his designee, to a debate on the U.S. economy and the efficacy of his policies. If I'm as wrong as he says I am, let him prove it.

— Peter Schiff (@PeterSchiff) December 6, 2025

Peter Schiff Takes Challenge Higher

Peter Schiff is known for his unyielding criticism of Bitcoin over the years. He recently challenged both Binance co-founder CZ and Strategy’s Saylor to a gold vs Bitcoin debate which took place last week at the Binance Blockchain Week in Dubai. He’s now taking his debate challenge a notch higher with the president of the United States.

He threw the challenge after President Trump called him a “jerk” for appearing on a Fox program to say that the economy was getting worse. In response, Trump said the past administration was responsible for damage to the economy which he is fixing.

Why Donald Trump Called Peter Schiff a Loser and a Jerk pic.twitter.com/QZDcB6Q1FC

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— Peter Schiff (@PeterSchiff) December 6, 2025

Trump is known for his open support for Bitcoin and the crypto industry. Unlike the past administration which actively worked against the industry. His stance on crypto has often been criticized by Democrat lawmakers who believe public office holders shouldn’t meddle in matters of crypto.

Some lawmakers have even proposed a bill to ban public officers like the president as well as their families from owning or buying cryptocurrencies due to their risky nature. After his inauguration, Trump launched a token named after him, followed by his wife and has since prioritized crypto in his administration.

Peter Schiff Criticism Could be Linked to Crypto

Schiff is a known skeptic when it comes to cryptocurrencies. Therefore his criticism of Trump’s policies may also be linked to the president’s embrace of the crypto industry which has faced severe downtrend recently with unending corrections.

Bitcoin for example has been in a tight trading range with no bottom in sight, making the future bleak not just for the top asset but also for the wider crypto market.