Longtime Bitcoin critic Peter Schiff has reignited his gold-versus-Bitcoin debate, this time taking direct aim at MicroStrategy’s Michael Saylor. In a recent post on X, Schiff declared that Bitcoin is losing value when measured against gold and will ultimately be outlasted by the precious metal.
The remarks come amid heightened volatility in the crypto market, with Bitcoin experiencing a 25% decline from its yearly high. Schiff argues that gold’s stability and historical resilience make it the superior asset, warning that Bitcoin’s long-term prospects remain questionable.
Bitcoin Losing Value Against Gold
Schiff, an outspoken advocate for gold, called out Saylor by highlighting that Bitcoin’s purchasing power in gold terms has steadily decreased since 2021. He pointed out that Bitcoin was worth 36.3 ounces of gold per BTC in 2021 but has since dropped to 27.7 ounces—a 24% decline.
“Gold is the Apex predator that will eat Bitcoin.” Schiff wrote.
Schiff argues that many Bitcoin investors are misled by the cryptocurrency’s nominal price in U.S. dollars, failing to recognize its depreciation against a real store of value. He maintains that Bitcoin’s speculative nature makes it unreliable compared to gold’s centuries-long record of preserving wealth.
MicroStrategy’s Bitcoin Strategy Under Fire
Schiff’s latest attack on Bitcoin also extended to MicroStrategy’s aggressive accumulation strategy. He warned that the company’s increasing debt load and a 55% drop in its stock price could lead to financial instability if Bitcoin’s price continues to decline.
“MicroStrategy is playing a dangerous game. If Bitcoin keeps falling, the company could be in serious financial trouble,” Schiff cautioned.
Despite Schiff’s concerns, MicroStrategy remains committed to its Bitcoin strategy. The company recently announced plans to raise $21 billion through a preferred stock offering, with proceeds earmarked for further Bitcoin acquisitions and corporate operations.
Bitcoin’s Institutional Support Remains Strong
While Schiff continues to dismiss Bitcoin, institutional investors show no signs of abandoning the asset. Recent reports indicate that 95% of U.S. spot Bitcoin ETF investors have held onto their positions despite Bitcoin’s 25% decline in 2025.
Bloomberg data also reveals that ETF inflows have reached $35 billion, with major financial institutions such as Goldman Sachs maintaining exposure to Bitcoin products.
Michael Saylor, a vocal Bitcoin advocate, has consistently countered Schiff’s arguments, asserting that Bitcoin is the superior form of money in the digital age. He believes Bitcoin’s scarcity and decentralized nature make it an inevitable successor to gold as a long-term store of value.
Gold vs. Bitcoin – The Debate Continues
Schiff’s claim that Bitcoin is in a “stealth bear market” against gold has reignited the age-old debate over which asset is the true safe haven. While gold has a proven track record spanning thousands of years, Bitcoin’s rise over the past decade has challenged traditional financial models.
Whether Bitcoin can maintain its dominance or succumb to the pressures Schiff warns about remains to be seen. However, one thing is certain—both assets will continue to be at the center of financial debates for years to come.
