Peter Schiff insists that Bitcoin\u2019s bubble has burst following its steep fall from an October 2025 all-time high of $126,000.<\/p>\n
However, investor Anthony Pompliano defended the cryptocurrency\u2019s long-term performance and argued that volatility is part of what has driven its returns.<\/p>\n
The two faced off Monday evening on Fox Business in a live debate<\/a> moderated by Liz Claman, where Schiff opened by claiming that BTC was a \u201cdigital nothing\u201d and calling it a pyramid scheme in which early holders have been cashing out on the wave of demand generated by ETFs and Bitcoin treasury companies led by Michael Saylor\u2019s Strategy.<\/p>\n \u201cAll the hype, all of the Bitcoin treasury companies, all of the ETFs, all that buying has simply allowed the people who got in early to cash out,\u201d said Schiff to Claman.<\/p>\n According to him, those buying Bitcoin were only acting on the expectation that \u201csomebody else is going to buy it at a higher price,\u201d an approach he contrasted with gold, which he described as a physical asset with industrial and monetary use.<\/p>\n The economist also claimed that the OG crypto has \u201cno real long-term,\u201d arguing that it was barely higher than where it was five years ago, and framed that sideways drift as evidence of a market that was running on fumes rather than real demand. Gold, on the other hand, in Schiff\u2019s estimation, is in a longer-term bull market, with the analyst suggesting that its recent pullback from $2,600 was due to a classic \u201cbuy the rumor, sell the fact\u201d move after an overextended run linked to geopolitical risk pricing.<\/p>\n However, Pompliano, wearing a gold tie in a pointed nod to Schiff, pushed back on that framing and pointed out that Bitcoin\u2019s 10-year compound annual growth rate of around 55% to 60% was several times bigger than gold\u2019s, which, according to him, stands at approximately 12%. The ProCap CEO also said that volatility wasn\u2019t unique to BTC and should not be thought of as a flaw, as it is a characteristic shared by high-performing assets.<\/p>\n \u201cOne of the misconceptions about volatility is that volatility is bad,\u201d Pompliano noted. \u201cBut actually what we find is the best returning stocks, the best returning commodities, they are all highly volatile.\u201d<\/p>\n Of course, a Schiff BTC debate wouldn\u2019t have been complete without throwing shade at Strategy, and the gold bug did not disappoint. He claimed executive chairman Saylor was \u201csacrificing his own shareholders by destroying value\u201d with the firm\u2019s financial model moving from issuing stocks at premiums to selling shares at discounts and using leverage tools to continue buying Bitcoin.<\/p>\n The company did sell<\/a> a small amount of Bitcoin recently but returned with a 1,587 BTC buy<\/a> on June 15, worth $100 million, that took its holdings to 846,842. According to Schiff, the fact that Strategy sold some of its BTC, however small the number, suggests there\u2019s a strain in what he described as its \u201cflywheel\u201d model of perpetual accumulation.<\/p>\n One area of partial agreement between Pompliano and Schiff was political. Pompliano acknowledged that the Trump administration\u2019s backing of crypto represents politicians latching onto donor money rather than principled support, while Schiff was even blunter, calling government involvement in Bitcoin \u201ca serious problem\u201d and describing it as a deliberate misdirection of resources.<\/p>\n The post Peter Schiff Calls Bitcoin \u2018Digital Nothing\u2019 as He Goes Head-to-Head With Anthony Pompliano<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Peter Schiff insists that Bitcoin\u2019s bubble has burst following its steep fall from an October 2025 all-time high of $126,000. However, investor Anthony Pompliano defended the cryptocurrency\u2019s long-term performance and argued that volatility is part of what has driven its returns. Schiff Makes the Bear Case, Pompliano Leans on the Long Game The two faced […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-181728","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/181728"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=181728"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/181728\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=181728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=181728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=181728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}On Strategy and Political Concerns<\/h2>\n