Peter Schiff Tackles Bitcoin Bull for Praising U.S. Economy

In Brief

• Peter Schiff has criticized Anthony Pompliano for praising the U.S. economy
• Schiff reiterated his long-standing warnings about economic trouble
• He has also criticized president Trump’s vocal support for crypto.

Shedrach Kongvong 2025-12-24

Peter Schiff is known for his criticism of Bitcoin, but that has extended to the U.S. economy and anyone who praises it. Schiff has tackled Bitcoin bull Anthony Pompliano for saying that the U.S. economy is getting better under president Donald Trump.

The gold bug in response to an X post criticized Pompliano for the statement, saying the growth of the economy is overstated while the inflation is understated. As usual, he brought Bitcoin into the matter, saying Pompliano would have noticed the cracks in the economy if he paid attention to gold instead of Bitcoin.

Don't be fooled by government numbers. Growth is overstated and inflation is understated. If you paid attention to gold instead of Bitcoin you might understand that.

— Peter Schiff (@PeterSchiff) December 24, 2025

Schiff Warns of Disaster in U.S. Economy

Peter Schiff has for years been a relentless critic of Bitcoin and cryptocurrency in general who emphasizes the superiority of gold over the digital asset. Though he supported Trump to become president, he has also turned to a strong critic of his government, severally sounding warnings that the economy is going in the wrong direction.

He recently appeared on a TV program where he said prices in the U.S. were rising contrary to Trump’s claims that they are coming down. In response, the president referred to him as a “jerk’, and Schiff challenged him to a debate on the economy so he can prove that his claims were false. Before then, Schiff had challenged other people to debates.

Since Pres. Trump called me a jerk and a loser for claiming that prices are still rising when he insists they're coming way down, I challenge him, or his designee, to a debate on the U.S. economy and the efficacy of his policies. If I'm as wrong as he says I am, let him prove it.

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— Peter Schiff (@PeterSchiff) December 6, 2025

He challenged Binance co-founder Changpeng Zhao, and Bitcoin bull Michael Saylor to debates on Bitcoin vs Gold as investments. Both Bitcoin proponents engaged Schiff at the Binance blockchain Week in Dubai where observers say he was defeated. President Trump however did not respond to the challenge, and no further discussion has come up about it.

Schiff Criticizes Trump Over Support for Crypto

Before his election and up to now, Trump has been quite vocal about his support for the crypto industry. He said severally that his ambition is to make the U.S. the crypto capital of the world, which has also attracted criticisms from Schiff.

Trump said he only cares about one thing: that America is #1 in crypto and China isn’t. China wants to be #1 in viable, productive industries. China has no interest in leading the world in decentralized pyramid or Ponzi schemes. That’s our thing.

— Peter Schiff (@PeterSchiff) November 4, 2025

This open support for crypto could be an underlying reason for Schiff’s continued criticism of his government and the economy which Trump claims is doing better than before.