Bitcoin Lags Gold Since 2021, Schiff Says
Peter Schiff Says Bitcoin Has Never Beaten Gold Since 2021
Economist and longtime Bitcoin critic Peter Schiff said Bitcoin has not outperformed gold since 2021, reiterating his view that gold has remained the stronger store-of-value benchmark over the past several years.
Schiff’s comment focuses on Bitcoin’s performance relative to gold, rather than measuring either asset against the U.S. dollar. Comparing assets in gold terms is a common framework among gold advocates, since it treats gold as the reference unit and emphasizes preservation of purchasing power over time.
The broader context is an ongoing debate about whether Bitcoin should be viewed as “digital gold.” Supporters argue Bitcoin’s fixed supply and portability make it a modern alternative to gold, while critics like Schiff contend that Bitcoin’s price behavior does not reliably match the stability typically associated with traditional safe-haven assets.
Schiff has repeatedly used Bitcoin-to-gold comparisons to challenge the digital-gold narrative, particularly during periods when Bitcoin’s gains are not clearly ahead of gold’s performance. His latest statement adds to that long-running dispute over what qualifies as a durable store of value.
