{"id":1648,"date":"2025-04-08T20:20:32","date_gmt":"2025-04-08T18:20:32","guid":{"rendered":"https:\/\/kryptozukunft.com\/?p=1648"},"modified":"2025-04-08T20:20:34","modified_gmt":"2025-04-08T18:20:34","slug":"bitcoin-criticism","status":"publish","type":"post","link":"https:\/\/kryptozukunft.com\/en\/2025\/04\/08\/bitcoin-criticism\/","title":{"rendered":"Bitcoin criticism"},"content":{"rendered":"<h1 class=\"wp-block-heading\" id=\"h-bitcoin-kritik-von-peter-schiff-eine-analyse-der-aktuellen-debatte\">Criticism of Bitcoin by Peter Schiff: An analysis of the current debate<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">In recent months, the Bitcoin price has experienced considerable fluctuations, which has prompted both supporters and critics of the cryptocurrency. One prominent critic, Peter Schiff, recently took aim at the US Strategic Bitcoin Reserve and called for its abolition. This call raises important questions about the role of Bitcoin in government reserves and the long-term stability of cryptocurrency.<a href=\"https:\/\/www.btc-echo.de\/schlagzeilen\/nach-dem-absturz-bitcoin-kritiker-greift-die-strategische-reserve-an-205210\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">BTC-ECHO<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Peter Schiff's criticism of the Bitcoin reserve<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Peter Schiff, a well-known gold advocate and CEO of Euro Pacific Capital, has taken a skeptical stance towards Bitcoin for years. In a recent post on X (formerly Twitter), he referred to the losses of the US strategic Bitcoin reserve announced on March 6. Schiff emphasized that the value of the bitcoins held in this reserve had fallen by over 12 percent. He argued that selling the bitcoins and investing in gold reserves would not only have avoided this loss, but would even have generated a profit of 2 percent.<a href=\"https:\/\/www.btc-echo.de\/schlagzeilen\/nach-dem-absturz-bitcoin-kritiker-greift-die-strategische-reserve-an-205210\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">BTC-ECHO<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Comparison of performance: Bitcoin vs. gold<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Schiff's argument is based on the different performance of Bitcoin and gold. While Bitcoin has fallen by 18% since the beginning of the year and is currently trading at around USD 77,800, gold has risen by 12% in the same period and recently passed the USD 3,000 per ounce mark. In the long term, Schiff is even forecasting a rise in the price of gold to over USD 20,000 per ounce, while he predicts a complete loss in value for Bitcoin.<a href=\"https:\/\/www.btc-echo.de\/schlagzeilen\/nach-dem-absturz-bitcoin-kritiker-greift-die-strategische-reserve-an-205210\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">BTC-ECHO<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Long-term prospects and benefits of Bitcoin<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite its short-term volatility, Bitcoin has gained in importance over traditional investments such as gold in recent years. A central aspect in the discussion about Bitcoin is its practical use. Schiff argues that Bitcoin has no practical use and will therefore lose value in the long term. On the other hand, however, there are numerous applications of the blockchain technology on which Bitcoin is based, as well as the growing acceptance of Bitcoin as a means of payment and store of value.<a href=\"https:\/\/www.btc-echo.de\/schlagzeilen\/nach-dem-absturz-bitcoin-kritiker-greift-die-strategische-reserve-an-205210\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">BTC-ECHO<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Internal links to further topics<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For a deeper understanding of the topic, the following articles on kryptozukunft.com may be of interest:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a class=\"\" href=\"https:\/\/kryptozukunft.com\/en\/2025\/03\/23\/bitcoin-basic-idea\/\">Bitcoin rationale: an introduction<\/a><\/li>\n\n\n\n<li><a class=\"\" href=\"https:\/\/kryptozukunft.com\/en\/2025\/03\/14\/how-mining-works\/\">How does mining work?<\/a><\/li>\n\n\n\n<li><a class=\"\" href=\"https:\/\/kryptozukunft.com\/en\/2025\/03\/10\/proof-of-work-pow-simply-explained-how-bitcoin-co-mining-works\/\">Proof of Work (PoW) explained simply<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conclusion<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Peter Schiff's criticism of the US strategic Bitcoin reserve reflects the ongoing debate about the value of cryptocurrencies compared to traditional investments such as gold. While Schiff emphasizes the volatility and supposed lack of practical use of Bitcoin, supporters see cryptocurrency as a forward-looking technology with a wide range of potential applications. Ultimately, it remains to be seen how the market will develop and what role Bitcoin will play in global financial systems.<a href=\"https:\/\/www.btc-echo.de\/schlagzeilen\/nach-dem-absturz-bitcoin-kritiker-greift-die-strategische-reserve-an-205210\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">BTC-ECHO<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Peter Schiff criticizes the US Bitcoin reserve and predicts a loss in value, while recommending gold as a more stable investment.<\/p>","protected":false},"author":263121695,"featured_media":1651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[609969150],"tags":[],"class_list":["post-1648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-krypto-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/kryptozukunft.com\/wp-content\/uploads\/2025\/04\/image-4.png","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3887,"url":"https:\/\/kryptozukunft.com\/en\/2025\/08\/01\/bitcoin-reserve-company-buying-frenzy\/","url_meta":{"origin":1648,"position":0},"title":"Bitcoin reserve &amp; corporate buying spree","author":"Felix Rieger","date":"August 1, 2025","format":false,"excerpt":"Bitcoin is experiencing a wave of institutional buying, led by governments and companies investing strategically.","rel":"","context":"In &quot;Krypto News - Nachrichten Portal&quot;","block_context":{"text":"Krypto News - Nachrichten Portal","link":"https:\/\/kryptozukunft.com\/en\/category\/crypto-news\/"},"img":{"alt_text":"Bitcoin\u2011Reserve &amp; Unternehmens-Kaufrausch","src":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/08\/image-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/08\/image-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/08\/image-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/08\/image-2.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":654,"url":"https:\/\/kryptozukunft.com\/en\/2025\/03\/13\/central-banks\/","url_meta":{"origin":1648,"position":1},"title":"Central banks","author":"Felix Rieger","date":"March 13, 2025","format":false,"excerpt":"Central banks regulate monetary policy, stabilize the economy and have a decisive influence on inflation and financial systems.","rel":"","context":"In &quot;Krypto Begriffe erkl\u00e4rt- Kryptowikipedia&quot;","block_context":{"text":"Krypto Begriffe erkl\u00e4rt- Kryptowikipedia","link":"https:\/\/kryptozukunft.com\/en\/category\/crypto-terms\/"},"img":{"alt_text":"Zentralbanken","src":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/03\/image-79.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/03\/image-79.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/03\/image-79.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/03\/image-79.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":1808,"url":"https:\/\/kryptozukunft.com\/en\/2025\/04\/17\/chinas-bitcoin-treasure\/","url_meta":{"origin":1648,"position":2},"title":"China's Bitcoin treasure","author":"Felix Rieger","date":"April 17, 2025","format":false,"excerpt":"China holds 190,000 seized Bitcoin, potentially impacting the global crypto market, while strategies to manage it are discussed.","rel":"","context":"In &quot;Krypto News - 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Nachrichten Portal&quot;","block_context":{"text":"Krypto News - Nachrichten Portal","link":"https:\/\/kryptozukunft.com\/en\/category\/crypto-news\/"},"img":{"alt_text":"Trumps Stablecoin-Gesetz (GENIUS Act): Warum die USA jetzt weltweiter Vorreiter in Sachen Krypto-Regulierung sind","src":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/07\/image-26.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/07\/image-26.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/07\/image-26.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/07\/image-26.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":2007,"url":"https:\/\/kryptozukunft.com\/en\/2025\/05\/09\/us-cryptoreserve\/","url_meta":{"origin":1648,"position":4},"title":"US Cryptoreserve","author":"Felix Rieger","date":"May 9, 2025","format":false,"excerpt":"Learn all about the US crypto reserve announced by Donald Trump and its impact on the crypto market.","rel":"","context":"In &quot;Krypto News - Nachrichten Portal&quot;","block_context":{"text":"Krypto News - Nachrichten Portal","link":"https:\/\/kryptozukunft.com\/en\/category\/crypto-news\/"},"img":{"alt_text":"US Kryptoreserve","src":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/05\/ChatGPT-Image-9.-Mai-2025-12_24_59.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/05\/ChatGPT-Image-9.-Mai-2025-12_24_59.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/05\/ChatGPT-Image-9.-Mai-2025-12_24_59.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/05\/ChatGPT-Image-9.-Mai-2025-12_24_59.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":25,"url":"https:\/\/kryptozukunft.com\/en\/2025\/03\/09\/xrp-and-the-us-crypto-reserve-opportunities-and-risks\/","url_meta":{"origin":1648,"position":5},"title":"Crypto reserve","author":"Felix Rieger","date":"March 9, 2025","format":false,"excerpt":"The US is introducing a crypto reserve that includes Bitcoin, Ethereum, XRP and others to stabilize and strategically diversify the financial market.","rel":"","context":"In &quot;Krypto News - Nachrichten Portal&quot;","block_context":{"text":"Krypto News - Nachrichten Portal","link":"https:\/\/kryptozukunft.com\/en\/category\/crypto-news\/"},"img":{"alt_text":"Krypto-Reserve","src":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/03\/image-114.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/03\/image-114.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/03\/image-114.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/kryptozukunft.com\/wp-content\/uploads\/2025\/03\/image-114.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/posts\/1648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/users\/263121695"}],"replies":[{"embeddable":true,"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/comments?post=1648"}],"version-history":[{"count":3,"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/posts\/1648\/revisions"}],"predecessor-version":[{"id":1652,"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/posts\/1648\/revisions\/1652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/media\/1651"}],"wp:attachment":[{"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/media?parent=1648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/categories?post=1648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kryptozukunft.com\/en\/wp-json\/wp\/v2\/tags?post=1648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}