Peter Schiff criticizes Trump’s #bitcoin push

Economist Peter Schiff criticized former President Trump’s Bitcoin agenda, arguing that China is prioritizing gold accumulation and industrial capacity over crypto, which he described as a misuse of capital.

Schiff contrasted U.S. enthusiasm for digital assets with China’s continued gold buying, citing the country’s steady additions to official reserves in 2025, according to World Gold Council data.

The comments continue Schiff’s long standing skepticism toward Bitcoin and come amid renewed debate over the role of crypto versus traditional assets in national economic strategy.