The post Peter Schiff Doubles Down on Bitcoin Criticism in a New Interview appeared on BitcoinEthereumNews.com.

Peter Schiff claims Bitcoin has no fundamental worth and acts mostly as a risky investment. He portrayed Bitcoin as a speculative asset resembling a pyramid scheme. Schiff highlights his T-Gold platform as a digital alternative to Bitcoin. Economist Peter Schiff debates Bitcoin’s status as digital gold in an exclusive interview with Randi Hipper, claiming it has no fundamental worth and acts mostly as a risky investment that can be badly affected by economic problems. Schiff used several arguments against Bitcoin as a real value. He stated that Bitcoin requires energy to mine but does not create a tangible asset, whereas gold, by contrast, converts energy into a physical, globally recognized asset. The economist pointed out that Bitcoin’s price is almost entirely based on what people think it will be worth later, while gold has real-world uses in industry and jewelry, plus a long history as money.  Additionally, Schiff said that Bitcoin is treated as a risky investment that rises and falls sharply. Gold has served as a stable, protective asset for thousands of years. Related: Stocks Slide, Bitcoin Jumps as Peter Schiff Calls Crypto Rally a “Sucker’s Bet” T-Gold Over Bitcoin He also compares Bitcoin to the long-term stability and practical uses of physical gold. He highlights his T-Gold platform as a digital alternative, using blockchain technology to offer secure, private transactions backed by actual gold. Schiff’s argument is that, unlike Bitcoin, tokenized gold is backed by a real, palpable asset. The key point is that while you still have to trust the company holding the gold and their reports, the chance of your investment becoming worthless is lower than with purely speculative assets like Bitcoin. He portrayed Bitcoin as a speculative asset resembling a pyramid scheme, where its price depends mostly on new buyers joining, not on any practical…

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Filed under: News - @ January 16, 2026 4:26 pm