While the crypto market is busy watching Bitcoin struggling to get back above $70,000, long-time Bitcoin critic Peter Schiff is talking about silver.
In his recent X post, Schiff urges investors to stop focusing only on Bitcoin and pay attention to what’s happening in the silver market.
According to him, this isn’t just his usual criticism of crypto. He believes silver is entering a major phase because demand is rising while supply is tight in 2026.
In this environment, he argues that assets like Bitcoin may not be as strong as people think, while silver could benefit more.
Schiff said,
I’ve been telling people to buy silver since it was under $5. Eventually $120 buys will be ahead too.
Crypto community slams Schiff
However, the crypto community quickly pushed back, with one X user noting that Bitcoin [BTC] is down 45% from its peak, almost identical to silver’s 44% decline from its own highs.
The user argued,
Why is your scarce asset down as much as something that you constantly say has no value? Isn’t that odd to you? Especially since silver’s decline happened faster?
Additionally, other critics are pointing out that the metals market has lost around $1.1 trillion in just the last 60 days, much more than what crypto has seen recently.
Gold has fallen about 2%, wiping out $750 billion in value, while silver dropped 7%, losing another $370 billion.
As a Bitcoin supporter, this was a strong counterpoint as the user argues that even traditional assets like gold and silver are not as stable as many believe.
THE CRASH HAS STARTED. This is what I was calling. A total wipeout. However, I expect an uplift in bitcoin……
Some even directed hate comments toward Schiff, as highlighted by an X user who said,
Silver has been dead for DECADES. It’s one of those assets that spikes hard then collapses, multiple times this has happened.
The above user further added,
I’m not saying don’t buy silver but this guy is the biggest f**king bitcoin hater in existence.
Bitcoin vs Silver
Well, the gap between Bitcoin and silver becomes even clearer when you look at the Bitcoin-to-Silver (BTC/XAG) ratio. At press time, while Bitcoin dipped slightly by 2.7% to around $68,800, silver fell much harder, down 4.5% to about $68.
In fact, over the past month, Bitcoin has clearly outperformed silver, with the ratio rising over 25%. Simply put, one Bitcoin can now buy more than 1,000 ounces of silver, compared to around 700–800 ounces just a few weeks ago.
Even though silver is still the 3rd the largest asset globally by market value, its recent performance looks weak next to Bitcoin.
Additionally, even during periods of war, Bitcoin has shown resilience, holding up better than many traditional assets.
This trend suggests that many investors are starting to see Bitcoin not just as a risky bet, but as a stronger option during uncertain market conditions.
Schiff’s confusing remarks
Interestingly, even though Schiff has always criticized Bitcoin, he recently thought of using blockchain to support gold.
During his debate with Binance founder CZ in December, he introduced a tokenized gold product (T-Gold). This shows that while he may not trust Bitcoin as an asset, he does believe in the technology behind it.
All in all, Schiff still believes gold is the real value, with blockchain just helping it.
Final Summary
- The crypto community’s strong backlash highlights how divided sentiment remains between traditional assets and Bitcoin.
- Silver’s sharper decline compared to Bitcoin raises questions about its resilience under pressure.