TLDR
- Peter Schiff argues that gold and the Swiss franc are gaining more attention than Bitcoin.
- He believes central banks continue to prioritize gold over digital assets for long-term stability.
- Schiff says silver is becoming a popular alternative due to its industrial use and steady demand.
- He claims the Swiss franc is seen as a safer currency than the US dollar due to low inflation risk.
- Despite rising Bitcoin adoption, Schiff maintains that traditional assets still hold stronger trust globally.
A growing number of market participants are shifting attention away from Bitcoin and the US dollar. Peter Schiff argues that precious metals and stable fiat currencies now dominate interest. His comments challenge the popular narrative that Bitcoin and the dollar are the main safe-haven assets.
Peter Schiff Says Gold Beats Bitcoin Trust
Peter Schiff maintains that more individuals are now favoring gold over digital currencies. He highlights central banks’ steady accumulation of gold, which reflects continued confidence in the asset. This trend strengthens his claim that gold remains a preferred store of value.
According to @APompliano the only two things people want are U.S. dollars and Bitcoin. Well, there are a lot of people in the world who don't want either. So they own stronger fiat currencies, like the Swiss franc, or they get out of fiat entirely and buy gold and silver instead.
— Peter Schiff (@PeterSchiff) June 9, 2025
Although Bitcoin shows record inflows, Schiff emphasizes that gold retains superior historical performance. He argues that it holds greater trust during times of economic uncertainty. He also points out that many institutions still treat gold as a primary reserve.
Global financial authorities have consistently increased gold holdings in recent years. Schiff notes that this activity signals long-term preference rather than a short-term market reaction. Despite Bitcoin’s surge, gold remains the backbone of central bank strategies.
Silver Surfaces as an Alternative Safe-Haven
Alongside gold, Schiff says silver is gaining renewed interest among wealth preservation circles. He explains that silver’s industrial use and affordability make it a strong alternative. Unlike Bitcoin, silver does not face regulatory scrutiny or volatility concerns.
Silver continues to attract attention for its real-world utility across technology and manufacturing sectors. Schiff links this practical demand to silver’s rising appeal. He also believes silver offers stability that complements gold in uncertain economic conditions.
He argues that precious metals are tangible and widely accepted, which adds to their attractiveness. Silver’s steady performance provides another option for those seeking alternatives to Bitcoin. Schiff underlines silver’s long-standing position as a trusted monetary asset.
Stronger Fiat Currencies Challenge the Dollar’s Role
Peter Schiff also supports stronger fiat currencies like the Swiss franc over the US dollar. He attributes this to Switzerland’s political neutrality and monetary restraint. These factors, he explains, reduce inflation risk and enhance confidence.
The Swiss National Bank’s conservative policy contrasts with the Federal Reserve’s expansionary approach. Schiff suggests this difference boosts the franc’s status as a safe haven. He sees rising demand for stable currencies outside the dollar zone.
While Bitcoin and the dollar receive widespread attention, Schiff asserts alternative currencies remain strong choices. He continues to advocate for diversified holdings in assets with proven long-term resilience. His outlook prioritizes stability over speculative growth.
