Gold advocate and longtime crypto critic Peter Schiff has again used relative asset performance to challenge the case for Bitcoin. In a post on X, Schiff said he owns the VanEck Gold Miners ETF (GDX), which he noted has returned 61.3% year to date, and used that figure to mock Bitcoin investors.
Gold miners ETF outpaces Bitcoin’s YTD return
Citing Yahoo Finance data, Schiff compared GDX’s performance with Bitcoin’s roughly 28.06% year-to-date gain, though he referenced the number as 27% in his post. He argued that, despite not owning any Bitcoin, he has more money invested in gold and silver mining stocks than many Bitcoin whales have in BTC.
Schiff’s message was overtly provocative. He wrote that while Bitcoin is up 27% so far in 2025, GDX is up 61%, ending the post with a jab at “Bitcoiners.” The remark is consistent with his longstanding position that precious metals remain superior to digital assets as an investment and store of value.
Another chapter in Schiff’s anti-crypto commentary
The comments came just one day after the 63-year-old stockbroker urged ether holders to sell their ETH and use the proceeds to buy Bitcoin. That statement stood out because Schiff has spent years criticizing cryptocurrencies broadly, even as he continues to single out Bitcoin for particular scrutiny.
In this latest episode, Schiff did not introduce new market analysis so much as spotlight a performance gap between a gold-linked equity ETF and Bitcoin. Still, the comparison adds to the recurring debate over portfolio allocation between precious metals and digital assets, especially at a time when investors continue to weigh inflation hedges, volatility, and long-term upside.