Peter Schiff, all excited about the surge in gold, decided to poke at the folks who firmly hold onto bitcoin, the so-called Hodlers. He made the post on X on Thursday (29), right after gold hit another record high in valuation.
According to this old metal defender, back in 2017, at its peak, one bitcoin was worth about 14 ounces of gold. However, today, even with all the market movement, 1 BTC is going for just over 16 troy ounces. For Schiff, this shows that the digital currency hasn't shone as brightly as gold during this whole time.
He did the math and said that, in these nine years, bitcoin only yielded about 12% more than gold, which gives an average of 1.3% per year. In his view, it's too small a return for such a big risk.
That's why he believes that the Hodlers will still realize that it was not worth holding the burden. For Schiff, gold will continue to rise, while bitcoin is expected to plummet.
And he summarized it like this:
“In 2017, at the peak of almost 20 thousand dollars, Bitcoin was worth 14.25 ounces of gold. Today, it is worth 16. This is only 12% in nine years. Was it worth taking such a risk to gain 1.3% per year? The Hodlers will find out the hard way when Bitcoin falls and gold $PAXG remains strong in the rise.”
Even with Trump's push and the Wall Street crowd, those who bet on that bitcoin didn't see as much profit as those who stayed in gold.
Schiff, who keeps insisting that bitcoin is not a store of value, said that even with the support of the President of the United States, the group that has held bitcoin for longer has not managed to do well.
He also reminded that Wall Street has also been giving strength to bitcoin, but in the end, those who bought gold or silver are laughing more freely.
According to him: “Today bitcoin is worth only 15.5 ounces of gold, a drop of 57% since the peak of 2021 and only 10% above the top of 2017. With all the propaganda and support from Wall Street and the Trump government, most would have done better buying gold or silver.”
There in El Salvador, at the Plan B event of the bitcoiner community, Schiff continues to firmly say that he does not believe in bitcoin.
And the numbers are showing: January 2026 closed with the worst BTC quote, falling to 81 thousand dollars on Thursday (29) and 83 thousand on Friday (30). Meanwhile, gold, which hit 5.45 thousand dollars on Thursday, pulled back to 4,874 on Friday, but should still close the month up.