Bitcoin Opponent Peter Schiff Pleasantly Surprised by BTC\'s Performance? What\'s Going On?
For years, Peter Schiff has been one of the most outspoken critics of Bitcoin [BTC/USD], consistently questioning the apex cryptocurrency\'s value proposition. A staunch gold advocate, Schiff often points out gold’s historical performance during economic uncertainty, contending it remains one of the most reliable stores of value. He\'s even gone so far as to predict Bitcoin could fall to $10K as gold rises to $5K, citing a potential 95% decline from a future peak.
However, recently, the narrative seems to be shifting, at least slightly. In a recent tweet, veteran trader Peter Schiff expressed his surprise regarding Bitcoin’s (BTC) ability to remain in the $30,000 range. While he\'s been known to criticize the Bitcoin trend and even claims Saylor’s Bitcoin buys are politically and financially motivated, this acknowledgement of resilience is noteworthy.
Schiff\'s Surprise: What Does it Mean?
Even Peter Schiff, who has always been critical of cryptocurrencies, was surprised at how well Bitcoin handled the market\'s ups and downs. With a 5.7% drop, Bitcoin\'s performance showed unexpected strength. This begs the question: what factors are contributing to Bitcoin\'s staying power despite Schiff\'s persistent skepticism?
"But even in the chaos, Bitcoin (BTC) – often dismissed by skeptics as too volatile – surprised everyone by holding its own," highlights a recent sentiment echoed by many in the crypto community. Even Peter Schiff, who has always been, well, Peter Schiff, seems to be taking notice.
Bitcoin\'s Resilience in 2024 and Beyond
Bitcoin [BTC] continues its relentless rally, consistently defying predictions of its demise. While Schiff\'s past predictions of a Bitcoin crash to $10,000 are well-documented, the reality has been quite different. Bitcoin\'s performance in 2025 (and leading up to it) has showcased a surprising degree of vulnerability, with price fluctuations, but overall a continued upward trend. Even Peter Schiff, who has always been critical of cryptocurrencies, was surprised at how well it handled the market’s ups and downs.
Thus, Peter Schiff, Bitcoin\'s very vocal opponent, took to social media to comment on the BTC price surge, attributing it primarily to MicroStrategy\'s aggressive accumulation strategy. However, even this acknowledgement is a far cry from his usual outright dismissal of Bitcoin\'s inherent value.
Will Schiff Change His Tune?
While Peter Schiff has once again ridiculed Bitcoin, continuing his years-long campaign against the largest crypto asset, his recent acknowledgment of its resilience raises questions. Is this a temporary blip in his anti-Bitcoin stance, or could it signal a gradual shift in his perspective? Only time will tell, but for now, the crypto community is enjoying the irony of even its staunchest critic being "pleasantly surprised" by Bitcoin\'s performance.