Peter Schiff Doubles Down: Gold Set to Outshine Crypto in 2025

Outspoken economist and gold advocate Peter Schiff has reasserted his bold prediction for 2025, arguing that gold and precious metals are poised to leave Bitcoin and Ethereum "in the dust." Schiff maintains that while digital assets remain highly speculative, the enduring stability and institutional backing of gold confirm its superiority as the ultimate store of value in an increasingly unstable global economy. This prediction comes as market volatility continues to challenge cryptocurrencies and traditional inflation concerns persist across the global financial landscape.

Central Banks Choose Gold Over Crypto

Schiff’s argument is strongly rooted in the massive accumulation of physical gold by global central banks. Data from the World Gold Council shows that central banks are on track to purchase over 1,000 metric tons of gold in 2025, which is more than double the average annual buying from the last decade. This institutional preference is seen as a vote of no-confidence in fiat currencies, especially the US dollar. Conversely, Schiff sees waning momentum in the crypto market. Reflecting on the price action, Schiff recently posted a sharp warning to crypto proponents: "Bitcoin is topping out. Time to change horses HODLers."

Price Targets Back Precious Metal Rally

The confidence in gold is being echoed by major financial institutions. While Schiff predicts gold could exceed $4,000 per ounce by mid-2026, banks like JPMorgan and UBS have set Q4 2025 price targets ranging from $3,675 to $4,000. Schiff points to gold's multi-thousand-year track record, noting its resilience during economic crises, a status he argues Bitcoin has failed to earn. For him, the lack of intrinsic utility and historical testing means digital assets cannot compete with the tangible security offered by precious metals.