Peter Schiff Calls Bitcoin a 'Giant Cult,' Doubles Down on Gold

Peter Schiff, one of Bitcoin’s most vocal critics, took the stage at the Bitcoin 2025 conference on Thursday and didn’t hold back. During a fiery conversation with journalist Natalie Brunell at the Venetian Convention Center in Las Vegas, the longtime gold advocate dismissed the Bitcoin BTC community as “a giant cult” and said the digital asset resembles a “memecoin.”Schiff, who rose to prominence as a stockbroker and gold bug, has long argued that bitcoin has no intrinsic value. On stage, he reiterated that claim and pointed to global central banks still accumulating gold — not bitcoin — as evidence that gold remains the true reserve asset source: https://www.coindesk.com/markets/2025/05/29/peter-schiff-calls-bitcoin-a-giant-cult-doubles-down-on-gold