Peter Brandt and Peter Schiff Clash Over Bitcoin vs. Gold as Markets Volatile

Veteran crypto trader Peter Brandt took to X (formerly Twitter) on October 22, 2025, to criticize gold advocate Peter Schiff, highlighting gold's sharp correction after recent record highs. Brandt shared a historical chart indicating gold has averaged only a 3.6% annual return over the past 45 years, with prolonged consolidation periods. For example, it took 28 years to retest its March 1980 high and 13 years after a September 2011 peak, mocking Schiff for enduring these "seclusion" periods.

Meanwhile, Peter Schiff renewed his warnings about Bitcoin, asserting that if long-term holders mass-sell, the sudden supply increase could overwhelm demand and trigger a price collapse. He emphasized that Bitcoin's perceived scarcity is an illusion, as most coins are held off-market. Schiff's comments came as gold erased approximately $2.1 trillion in value, one of its steepest declines, while Bitcoin rebounded to $108,191 before profit-taking trimmed gains.

Market data revealed contrasting institutional movements: BlackRock's iShares Bitcoin Trust (IBIT) recorded $660 million in inflows in a single day, while a major wallet reduced holdings from 80,000 BTC to 37,000 BTC, worth roughly $4 billion. Commentators sided with Brandt, viewing Bitcoin as a superior long-term investment despite volatility, underscoring the divide between traditional safe-haven assets and digital currencies.