Gold advocate Peter Schiff predicts Bitcoin will underperform gold despite avoiding a total collapse in a debate with crypto investor Anthony Pompliano.
Gold proponent Peter Schiff stated he would wager Bitcoin underperforms gold over the next decade, though he stopped short of predicting it would fall to zero. The comment came during a debate with crypto investor Anthony Pompliano on Fox Business, where Schiff cited Bitcoin’s historical drawdowns exceeding 70% as a key disadvantage.
Pompliano argued both assets benefit from monetary expansion, but Bitcoin’s volatility offers greater upside. Schiff countered that current buying activity, including from Bitcoin companies and ETFs, primarily enables early investors to exit positions.
No immediate market reaction was reported following the exchange.