Peter Schiff Knocks CNBC Guests for Shilling Bitcoin to Investors

As gold and silver continue to rally with new all-time highs reached in succession, gold proponent Peter Schiff has rebuked guests on CNBC for recommending bitcoin to investors. 

In an X post on December 26th, Schiff who is known for his critical views on Bitcoin said the guests recommended Bitcoin because they expected it to follow gold and silver, which turned out to be contrary to  expectation.

Bitcoin Disappoints Investors

Gold has rallied impressively in 2025, same as silver and now other metals. Normally, Bitcoin follows after the rally of gold, as investors take on risk assets when gold becomes very profitable. Contrary to the expectation, Bitcoin has lagged behind despite the phenomenal rally of gold which ideally should serve as fuel.

Based on this historical pattern, the investors were not wrong to shill Bitcoin. Instead, experts believe there could be something else playing out in the market. Some have said that the delay in Bitcoin’s rally is due to a change in investor behavior caused by maturity rather than fear, as the typical four-year Bitcoin cycle is dead.

As a result, Q4 of 2025 which was expected to be a time for mega crypto rallies has turned out to be one of the worst quarters in the history of the asset. Bitcoin became restricted to a trading range which it has attempted to break severally including today but could not. The weakness in Bitcoin has led to other assets failing to rally as well.

As gold has been rallying while all this was going on with crypto, Schiff has severally mocked Bitcoin and its believers. He said Bitcoin has failed to catch up with gold and silver because it is not the store of value some proponents claim it is. 

Bitcoin Still Exhibiting Weakness

While gold and silver hit new all-time highs today again with fresh rallies, Bitcoin is exhibiting weakness in its price action. The asset attempted to reclaim the $90,000 price again but retraced just before reaching there, sparking fresh manipulation allegations.

As it stands, Bitcoin’s chance of a rally is getting thinner by the day, meaning it may not happen until next year. This also extends to altcoins which analysts have said may start the new year strongly with a rally if they break out.

More Must-Reads:

• Peter Schiff Tackles Bitcoin Bull for Praising U.S. Economy
• Bitcoin Critic Peter Schiff Challenges President Trump to Economy Debate
• Bitcoin Critic Peter Schiff Challenges President Trump to Economy Debate