Peter Schiff is back on X (formerly Twitter) with a new jab at Bitcoin holders – this time using gold mining stocks as ammunition.
In his latest post, the longtime crypto critic compared Bitcoin’s 27% gain in 2025 to the performance of GDX, the gold miners ETF, which he claims is up 61% year-to-date.
“Bitcoin is up 27% so far in 2025, while the $GDX is up 61%.
Have fun staying poor, Bitcoiners!”
— Peter Schiff (@PeterSchiff), July 22, 2025
“I May Not Own Any Bitcoin…” (Except He Kind of Does)
Interestingly, Schiff also admitted – sort of – that he does hold Bitcoin.
In a separate tweet, he revealed that he has a “Strategic Bitcoin Reserve” worth over $6,500, made up of BTC that was donated to him.
“Someone pointed out that I do own Bitcoin. I have some in my Strategic Bitcoin Reserve.
But I promised donors that I’d never sell, so it’s like I don’t really own it.”
— Peter Schiff
He even dropped his Bitcoin address publicly, inviting more contributions.
That address:
bc1q0vxwxsmkjy5t95qpc0mfznl59928grsr4wfa97
Despite claiming he “doesn’t own any,” the tweet shows that Schiff isn’t above collecting BTC – even if he won’t touch it.
Read also: Can Ripple (XRP) Overtake Bitcoin to Become Number One Crypto? Here’s What’s Possible
Crypto Community Reacts: Same Schiff, New Twist
Schiff’s tweets quickly made rounds in crypto circles, with some amused by the “Strategic Bitcoin Reserve” label, while others pointed out that comparing a risk asset like BTC to mining stocks during a bull run isn’t exactly apples to apples.
Still, his core message is the same: he believes gold (and gold-related stocks) remain the superior store of value – and that Bitcoin’s gains are overstated.
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