Peter Schiff’s Bitcoin Critique: A Pattern of Consistency Without Accuracy Peter Schiff has been one of the most consistent critics of Bitcoin over the past decade. A review of his past commentary shows that his analyses have repeatedly diverged from reality, and in several instances, have relied on misaligned timelines or selectively framed narratives that weaken their credibility. In 2013, Schiff declared Bitcoin a “zero-bound asset.” In 2017, he labeled it a reincarnation of the Dutch tulip mania. Even after the unprecedented liquidity expansion following the 2020 pandemic, he insisted that Bitcoin was entering its final cycle. Yet after each of these declarations, Bitcoin advanced to a new structural phase not only in price, but in network scale, institutional participation, and regulatory integration. Recycling Historical Risks as Present Threats One of the more problematic episodes emerged in 2025, when Schiff revived the PlusToken scandal and China’s Bitcoin liquidation as if they represented ongoing systemic risks. This framing suffers from a fundamental flaw: a misaligned time horizon. The PlusToken saga concluded in 2019. The scheme’s unwinding including large-scale spot selling, derivatives market disruptions, and the eventual seizure and liquidation of assets by Chinese authorities was fully absorbed by the market years ago. Those coins were mixed, distributed, and sold across multiple venues, leaving no meaningful impact on contemporary price discovery or liquidity dynamics. Reintroducing this episode as a driver of post-2025 Bitcoin weakness ignores both on-chain data and market structure. At best, it reflects analytical negligence; at worst, narrative recycling designed to sustain a predetermined conclusion. The False Equivalence Between Gold and Bitcoin Schiff’s critique rests on a single foundational assumption: “A true store of value must be gold, and Bitcoin cannot fulfill that role.” This assumption no longer aligns with modern financial reality. Gold and Bitcoin are not functionally identical assets. Gold serves as a sovereign and central-bank reserve asset, optimized for stability. ...