For Livingston, Schiff “polish your metal as if it were in 1694”.
The Euro Pacific Capital CEO is a fervent gold defender and a forceful critic of Bitcoin.
A new debate has turned on social networks, facing once again the two protagonists of the financial world: Gold and Bitcoin (BTC). It all started when Peter Schiff, a regular critic of cryptocurrencies, highlighted the recent rebound in the price of precious metal. However, his statements did not go unnoticed.
“Gold has firmly exceeded $ 3,400 … silver is also at its highest point since 2012”, wrote Schiff, also warning that, despite optimism, investors still fear a market drop.
However, the answer soon arrives. Adam Livingston, writer specialized in Bitcoin, He replied With a metaphor loaded with ironysuggesting that the Euro Pacific Capital CEO is living in the past.
“You are presuming gold as a grandfather who shows her new phone with caps to boys who Minan Sats from satellites,” he said. “Gold is a horse in a world of rockets … Bitcoin is a monetary light with a time mark that travels to 186,000 miles per second, and you are still polishing your metal as if it were 1694 …”.
This crossing goes far beyond humor and summarizes a background discussion. For centuries, gold has been a reliable value shelter: tangible, scarce and resistant to the passage of time. Wars, crisis and centuries of evolution have survived. It is globally recognizable, it does not depend on technology and has been used as a reserve of value by entire civilizations.
Nevertheless, Bitcoin represents the digital evolution of that same conceptsince it is also scarce, and is infinitely easier to transfer, store and audit.
Unlike gold, which requires complex logistics for transport and shelter, Bitcoin can move through the network in seconds, fractional without restrictions and stay under personal control with only a recovery phrase.
But perhaps the deepest difference is in the broadcast. Bitcoin has an absolute and known limit: there will never be more than 21 million. That shortage is programmed from its origin and is unalterable, regardless of political decisions or market conditions. On the other hand, there are no certainties with gold: nobody knows exactly how much it remains to be extracted or how much it could be discovered in the future.
Peter Schiff and his defense of a controversial sale
It is worth noting that Schiff, a critical staunch of Bitcoin, in the last hours there were celebrated That the United Kingdom is considering selling 5,000 million pounds in BTC seized to criminals, suggesting that money could help cover the British fiscal deficit.
“Maybe this time they do something well,” he wrote with irony, and even expressed his desire that the United States does not acquire those bitcoins for his strategic reserve, and that instead bought Michael Saylor, the leader of Strategy. The answer was not long in arriving: “And how did Germany go to that?” They replied in the comments.
The reference, of course, points to a controversial episode of 2024. As Cryptonoths reported, earlier that year the German government seized about 50,000 BTC, but instead of conserving them, he chose to quickly liquidate them at an average price of $ 58,000 per unit.
Today, with Bitcoin quoting above $ 117,000, that decision seems to have been a colossal error: Germany lost the opportunity to double its income, leaving more than 3,000 million dollars on the table.
The truth is that Schiff defended The sale, claiming that “Germany will end up looking smart when the price of Bitcoin is well below where they sold.”
Nevertheless, The facts seem to contradict it: The price of BTC not only doubled since then, but broke historical maximums, while countries like El Salvador, with a sustained accumulation strategy, are strengthened against volatility.
