When even critics like Peter Schiff attend Bitcoin 2025, it raises a question: Has Bitcoin become too big to ignore—or too tempting to ridicule from within?
JD Vance’s Bitcoin Vision vs. Peter Schiff’s Skepticism
The Bitcoin 2025 conference, held from May 27–29 at the Venetian Convention Center in Las Vegas, brought together policymakers, investors, and developers to accelerate global Bitcoin adoption. Attendees included:
- Senator Cynthia Lummis: Advocated for clearer crypto regulations.
- Vice President JD Vance: Praised Bitcoin’s wealth-creation potential.
- Michael Saylor: Predicted Bitcoin would replace gold, reaching $13M by 2045.
- Eric Trump: Discussed family-led mining ventures.
Panels covered Layer 2 scaling, custody standards, and decentralized ID, while startups showcased payment solutions. Amid the optimism, one attendee stood out: Peter Schiff, a vocal Bitcoin skeptic.
Peter Schiff’s Provocative Stance at Bitcoin 2025
During a fireside chat with journalist Natalie Brunell, Schiff doubled down on his critiques:
- Bitcoin as "Memecoin": Argued Bitcoin lacks intrinsic value compared to gold.
- Central Banks & Gold: Noted governments still hoard gold, not Bitcoin.
- Wealth Transfer Claim: Disputed JD Vance’s wealth-creation narrative, calling it a "pyramid-like" value shift.
👉 Why Peter Schiff’s critiques fuel Bitcoin adoption
Schiff humorously admitted: “Every time I tell people not to buy Bitcoin, they buy more. I’m probably responsible for more Bitcoin ownership than anyone here.”
Schiff’s Long-Standing Bitcoin Critique
- 2019: Dubbed Bitcoin "digital fool’s gold," predicting it would "go to zero."
- December 2024: Dismissed Bitcoin’s $100K milestone as politically driven.
- March 2025: Mockingly launched a "Strategic Bitcoin Reserve," soliciting donations (it remained empty).
- April 2025: Highlighted Bitcoin’s 12% drop vs. gold’s 2% gain, calling it an unstable hedge.
"Bitcoin was born out of the 2008 crisis. The 2025 crisis will kill it."
—Peter Schiff, April 2025
A Contrarian at Bitcoin 2025
Schiff’s attendance surprised many. He framed it as a mission to "bury Bitcoin" intellectually:
- Provocative Attire: Wore a "Make Bitcoin Great Again" cap.
- Modest Booth: Joked about having the "most modest booth" at the event.
- Debate with Brunell: Stood firm, awaiting his "I told you so" moment.
Mixed reactions followed. Some applauded the debate; others questioned if his presence undermined the event’s pro-Bitcoin agenda.
FAQ
Why does Peter Schiff criticize Bitcoin?
Schiff views Bitcoin as speculative, lacking gold’s tangible value and historical stability.
👉 How Bitcoin skeptics shape its adoption
Did Schiff’s appearance help or hurt Bitcoin 2025?
It added intellectual diversity, forcing advocates to defend Bitcoin’s merits against staunch opposition.
Does Schiff own Bitcoin?
Despite rumors, he denies holding BTC, though his firm had indirect exposure via a Bitcoin-backed bond.
Conclusion
In 2025, even critics like Schiff engage directly with Bitcoin—proof of its entrenched role in finance. Whether as a skeptic or an unwitting evangelist, his presence underscores Bitcoin’s unavoidable influence.