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Gold Bug Peter Schiff Slams Bitcoin as ’Giant Cult’—Doubles Down on Shiny Rocks

Gold Bug Peter Schiff Slams Bitcoin as ’Giant Cult’—Doubles Down on Shiny Rocks

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-05-29 14:59:14
0

Peter Schiff Calls Bitcoin a ’Giant Cult,’ Doubles Down on Gold

Bitcoin critics just got fresh ammunition—Peter Schiff, the perma-bullionaire, is back with another round of crypto-bashing. This time? Calling Bitcoin a ’giant cult’ while clutching his gold bars tighter than a Wall Street banker grips their bonus.

Schiff’s latest rant highlights the eternal gold-vs-crypto feud—where one side bets on millennia-old scarcity, and the other on digital code. Guess which one keeps winning?

Meanwhile, goldbugs and bitcoin maxis keep shouting past each other—while the rest of us diversify like adults. Stay tuned for the next episode of ’Boomers vs. Zoomers: The Asset Wars.’

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