Peter Schiff’s BTC-Debasement Trade Critique: Warum Bitcoin laut dem Gold-Bullen den Dollar nicht ersetzen kann

Gold-Promoter Peter Schiff feuert erneut gegen Bitcoin – behauptet, die Kryptowährung habe als Inflationsschutz versagt und könne den US-Dollar nicht ersetzen.

Schiff's Dollar-Debatte

Während traditionelle Finanzexperten weiterhin über Bitcoin's Rolle als Wertaufbewahrungsmittel streiten, bleibt Schiff bei seiner harschen Kritik. Sein Argument: BTC habe den Test als Schutz vor Währungsentwertung nicht bestanden.

Die Bitcoin-Reality

Doch die Zahlen sprechen eine andere Sprache – trotz Schiff's Behauptungen verzeichnete Bitcoin in den letzten Jahren ein exponentielles Wachstum. Institutionelle Adoption und globale Akzeptanz treiben die digitale Asset-Klasse voran, während traditionelle Märkte mit Inflation kämpfen.

Typisch Wall Street – erst spotten, dann nachkaufen. Während die alten Finanzhasen noch debattieren, bauen kluge Investoren bereits ihre Crypto-Positionen aus.

BTC still offsets US dollar weakness

In 2025, BTC managed to offset much of the weakness in the US dollar, as the currency fell against the euro and other fiat. The US dollar has been attempting a small recovery, but has shown weakness throughout 2025, while BTC set a series of price records. 

BTC has shown it can offset fluctuations in the dollar index, retaining its growth even during periods of US dollar weakness. | Source: MacroMicro

The BTC climb has offset multiple years of volatility in the US dollar index, even during the recent bear market. BTC has also been used as a store of value for countries with hyperinflation and much more volatile currencies. 

As for the bottom falling out of BTC, the coin still has a sufficient number of holders and has matured beyond panic-selling. 

BTC still goes through rapid liquidation cycles

In the short term, some of the BTC flaws lie with the rapid unraveling of derivative trading. 

BTC open interest declined again to $33.32B, following another round of rapid liquidations. Within a four-hour window, BTC erased another $155M from long liquidations. 

The BTC market may also bounce even after significant de-leveraging, though it may take months for liquidity to rebuild to previous levels. Despite this, BTC is still seen as a viable asset class for unlimited growth. Additionally, BTC has shown a historical response to M2 liquidity growth, catching up to the money supply within a few months.

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