Peter Schiff Says Silver Has Better Potential and Lower Risk Than Bitcoin

Highlights:

• Schiff says silver offers more upside and lower risk than Bitcoin right now.
• Bitcoin has dropped slightly this month, while silver gained 8% before easing.
• Critics mock Schiff, noting Bitcoin soared 42,000% despite his decade-long warnings.

In a June 20 post on X, Popular Bitcoin critic Peter Schiff said silver has a much better chance of going up in value than Bitcoin, and it also comes with less risk of losing money. “If anyone is looking for an alternative to gold, it makes no sense to buy Bitcoin when you can buy silver,” he wrote. Schiff has always supported gold and often says BTC isn’t worth much. In his latest comments, he focused more on silver instead of gold, but he still repeated his usual view that Bitcoin is just hype with no real value.

Since the beginning of the month, silver has performed better than Bitcoin in terms of price movement. BTC has dropped slightly from its starting price of $104,648, while silver has gone up by 8%, reaching as high as $37.30 before falling back to $35.59.

Schiff Pushes Silver Over Bitcoin Despite BTC’s Long-Term Outperformance

Schiff said silver looks more promising than Bitcoin because it has more potential to rise and less risk of falling. Even though silver has dropped 3% in the last three days and Bitcoin’s price has stayed mostly the same, he still believes silver is the better choice. He seemed frustrated that people are choosing Bitcoin over silver, which he thinks is a smarter investment. He warned that Bitcoin’s price changes too much, which makes it risky for investors.

Over the past decade, BTC has delivered far stronger returns than traditional assets like gold and silver. From a starting price of about $250, it has soared by over 42,000%, showcasing its massive growth in value. In comparison, gold has increased by 175%, and silver has gained 168% during the same period.

Even though silver has done better than Bitcoin in the past month, Bitcoin is still ahead over the past year, up 60% compared to silver’s 23%. Also, despite being newer, Bitcoin is ranked higher than silver in market value. With a market cap of $2.08 trillion, Bitcoin stands as the 7th largest asset globally, narrowly surpassing silver, which holds the 8th position at $2 trillion.

BTC Gains Support as Schiff Doubles Down on Silver

Institutional interest in BTC is still in the early stages, but as doubts about it fade, some believe its price could eventually reach millions per coin, a bold prediction not often made about silver. Still, Robert Kiyosaki doesn’t see Bitcoin and silver as competitors. He encourages people to buy both, along with gold, saying they’re better than saving money in what he calls “fake” paper currency.

Q: Is SILVER more VALUABLE than gold or Bitcoin?

A: I say yes.

BECAUSE: Deman for silver is increasing for use in:

1: Solar Panels
2: Eelectronic Vehicles
3: Computers
4: Electronic products
5: Weapon Systems
6: Medicine
7:…

— Robert Kiyosaki (@theRealKiyosaki) April 2, 2025

As expected, Schiff’s comments against BTC got a strong reaction from the crypto community, which defended Bitcoin’s potential. One person mocked him for promoting “old-school” silver in a digital world, saying BTC has the power to change economies and give people more control. Another pointed out that Schiff has been criticizing Bitcoin for over 10 years, during which its price has jumped from $10,000 to $100,000. In contrast, silver still hasn’t returned to its 2011 peak of 49.50.