Controversial Economist Issues New Bitcoin Crash Warning

Longtime gold advocate and Bitcoin (BTC) critic Peter Schiff is once again issuing a stark warning to investors, and this time, he says major moves are coming across both precious metals and cryptocurrency markets.

Specifically, in a post shared on X on January 16, Schiff warned that investors need to prepare for significant volatility ahead. While he believes gold and silver are on the verge of major upside moves, he argues that Bitcoin holders are walking straight into danger. He wrote:

“Big moves are coming in precious metals and Bitcoin. For gold and silver, that means buying more physical metal and loading up on still incredibly undervalued mining stocks. For Bitcoin HODLers, that means selling now before the next market crash!”

Schiff Says Bitcoin Rally Is A Trap

Schiff has long maintained that Bitcoin rallies are speculative surges driven by momentum and not fundamentals. In his view, the latest price action is setting up what he earlier called another “sucker’s rally,” a temporary bounce before a deeper correction.

According to Schiff, many investors are rotating capital out of traditional safe havens like gold and silver mining stocks and reallocating into Bitcoin exchange-traded funds (ETFs) and crypto-related equities. He argues this shift is misguided and could leave traders exposed when risk appetite fades.

He believes investors should be positioning defensively ahead of what he sees as an inevitable downturn and avoid chasing crypto momentum.

Big moves are coming in precious metals and Bitcoin. Investors need to prepare. For gold and silver, that means buying more physical metal and loading up on still incredibly undervalued mining stocks. For Bitcoin HODLers, that means selling now before the next market crash!

— Peter Schiff (@PeterSchiff) January 15, 2026

Gold And Silver Enter “Big Move” Phase

Whereas he’s bearish on Bitcoin, Schiff remains firmly bullish on precious metals. He says gold and silver are entering a breakout phase driven by inflation concerns and geopolitical instability. Plus, there’s the mounting pressure of fiat currencies.

In particular, Schiff highlights mining stocks as being “incredibly undervalued” relative to underlying metal prices. In his view, the combination of rising metal prices and depressed equity valuations could create a powerful upside opportunity for investors willing to rotate back into traditional commodities.

A Familiar Market Divide Is Back

Schiff’s comments illustrate a market divide between crypto investors and hard-asset advocates. On one side are Bitcoin supporters who see digital assets as a hedge against currency debasement and sovereign risk. On the other side stand the gold-focused investors who see crypto rallies as speculative cycles destined for failure.

With Bitcoin once again approaching major psychological levels and gold trading near record highs, the battle between digital and physical money is intensifying. For now, Schiff’s message is that precious metals are preparing for liftoff, and Bitcoin holders may want to get out before it’s too late.

Meanwhile, BTC is trading at $95,591.62, down 1.1% on the day, up 6.4% across the week, and advancing 10.6% over the past month, according to the most recent price chart information.