Peter Schiff has renewed attention after silver surged while bitcoin (CRYPTO:BTC) failed to break higher.
Schiff has long argued that precious metals would outperform cryptocurrencies during periods of monetary stress.
Recent market moves have given partial weight to Schiff’s long-standing silver versus bitcoin thesis.
Silver prices pushed decisively above the $100 mark despite intermittent sell-offs during the week.
March silver futures climbed more than 50% year to date before easing from intraday highs.
Prices briefly touched levels above $111 before stabilising near $108 in late trading.
Market participants described the silver move as a near-vertical rally by historical standards.
Shanghai markets continued to price silver at a premium, with levels reported near $130.
Traders cited persistent physical demand and supply tightness as key drivers of the rally.
Gold, another asset favoured by Schiff, also extended its historic bull run this month.
March gold futures crossed $5,000 for the first time, reaching highs above $5,090.
Gold is now up roughly 17% year to date, reinforcing momentum across precious metals.
By contrast, Bitcoin has traded largely sideways during the same period.
Bitcoin has repeatedly failed to hold a sustained break above the $100,000 level.
The lack of upside came despite increased political attention and regulatory discussions in the US.
Investors noted that bitcoin’s volatility has compressed compared with metals markets.
Schiff pointed to silver’s breakout as a warning signal for crypto investors.
What’s happening with silver is about to happen with Bitcoin, only in reverse. Silver’s spectacular rise will usher in Bitcoin’s catastrophic collapse. Don’t say I didn’t warn you.
Peter Schiff said.
Schiff revisited his criticism when silver first broke $100 earlier this year.
Had they done that, they would have almost four times as much money today. The good news is that it’s not too late to make the trade.
Schiff added.
Analysts stressed that bitcoin has not experienced the collapse Schiff predicted.
Instead, the asset has remained range-bound as traders await clearer macro signals.
Some market watchers said metals and crypto may be reacting to different investor expectations.
Others warned that sharp moves in silver do not automatically signal bitcoin’s decline.
The divergence has nonetheless reignited debate over bitcoin’s role versus traditional safe havens.
At the time of reporting, Bitcoin price was $87,755.18.