Schiff on Coindesk: Gold Ain’t Broke. Don’t Fix It.

Last week, Peter joined Jennifer Sanasie on the CoinDesk YouTube channel to push back against the crypto crowd and explain why he thinks gold—not Bitcoin—will be the long-term safe haven. He walks through how gold’s breakout in 2024 carried into 2025, why central banks are buying bullion, and what true sound money really means in contrast to fiat and tokenized claims. Along the way he admits an ironic role in shaping crypto adoption while urging readers to consider real commodities and trustworthy custody in hard assets.

He opens by noting an ironic personal effect: even as a critic of crypto, he has helped popularize Bitcoin for some people:

I don’t remember where it was where they listed me as being one of the most influential people in crypto, even though I was the only person on the list that was critical of crypto, but they still acknowledged the fact that I was influential. And in fact, you know, I know firsthand that despite my criticism of crypto, a lot of people own Bitcoin in particular because of me. So I have influenced a lot of people to buy Bitcoin, even though that was not my intention. I may have influenced a lot more people to buy Bitcoin than the people who have advocated Bitcoin.

From there he turns to markets, framing 2025 as a continuation of the bullish momentum that began in 2024 for gold. He explains how political events shifted sentiment and how that affected gold stocks: