Peter Schiff Makes First Bitcoin Slander in 2026
Analysis
Price Impact
LowPeter schiff's consistent bearish stance on bitcoin is well-known and largely priced into the market. his arguments, while critical, rarely cause significant immediate price shifts, especially amidst broader bullish sentiment described in the article.
Trustworthiness
LowSchiff has a long history of being wrong about bitcoin's long-term trajectory. his arguments often focus on gold's perceived superiority, which has not deterred bitcoin's growth over the past decade.
Price Direction
NeutralWhile schiff's comments are bearish in nature, the article itself indicates a 'bullish momentum spreading across the crypto ecosystem since the new year began' and references a 'bitcoin surge theory'. the market is likely to largely disregard schiff's comments in favor of the prevailing bullish sentiment, leading to a neutral immediate impact from his specific statements.
Time Effect
LongSchiff's criticisms are part of a long-running debate. while they have little short-term market impact, they contribute to an ongoing narrative about bitcoin's store of value proposition, which may resonate with certain traditional investors over the long term but are often dismissed by the crypto community.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Bitcoin’s biggest and longtime critic, Peter Schiff, has continued to deliver his brutal criticism of Bitcoin even in 2026, despite the bullish momentum spreading across the crypto ecosystem since the new year began. Advertisement On Monday, January 5, Peter Schiff made new assertions against a Bitcoin surge theory, which he considers a “false narrative,” from Fundstrat co-founder Tom Lee, whom he tagged as CNBC’s favorite Bitcoin shill. Gold’s breakout is not bullish for Bitcoin: Peter Schiff While Tom Lee had recently shared an idea that the historic rally in precious metals like silver and gold has often led crypto markets into major bullish cycles, Peter Schiff claims this is not the case. HOT Stories Morning Crypto Report: Ex-Ripple CTO Reveals Unknown XRP Story From 2013, Shiba Inu (SHIB) Rockets 30% in $12 Billion Meme Coin Comeback, Legendary Trader Suddenly Becomes Bitcoin Cash Bull Schiff Dismisses Bitcoin Rally as BTC Reclaims $93K Shiba Inu (SHIB) Price Prediction 2026 Crypto Market Review: Shiba Inu (SHIB) Wants Zero Removed, XRP's Critical 2026 Resistance Destroyed, Bitcoin Needs 2 More Moves Before $100,000 Although Tom Lee’s recent claim that gold’s breakout to new highs is “bullish for Bitcoin” has resonated with the crypto community, Peter Schiff is not having it and has argued that Bitcoin’s rise over the past decade was based largely on gold’s stagnation. Advertisement You Might Also Like Mon, 01/05/2026 - 13:43 Bitcoin Triggers Rare 'Hash Ribbon' Signal: $100,000 Next? By Gamza Khanzadaev According to his statements, Tom Lee strongly believes that increases in the price of gold often indicate growing concern over inflation and currency weakness; hence, this situation has continued to fuel a surge for Bitcoin and other digital assets over the years. Silver $SLV parabolic in past month Gold $GLD parabolic in past year Gold moves lead crypto If these large commodity markets make such a move, how can one be skeptical of digital assets in 2026? $ETH $BTC pic.twitter.com/ko7BmRbRW5 — Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) December 31, 2025 In his assertions, Schiff pointed out that there was a period when Bitcoin saw strong growth, yet gold traded sideways at the time. According to Schiff, this created the perfect opportunity for Bitcoin to market itself as a better inflation hedge and alternative safe haven. Advertisement Schiff further stressed that the recent surge in gold’s price has proven the case otherwise, reasserting that Bitcoin does not qualify to be described as digital gold. Nonetheless, Peter Schiff has continued to warn against investments in Bitcoin, further noting that the asset’s success has relied heavily on gold appearing stagnant and outdated; thus, it quietly reveals Bitcoin’s lack of real value. Schiff believes that these conditions prove Bitcoin is a poor tool for storing value. #Bitcoin #Gold #Peter Schiff #Tom Lee