Schiff warns of four hard years for Bitcoin; December 2025 note calls it "dead money"
In December 2025, Peter Schiff said Bitcoin faces four difficult years and argued the "digital gold" idea has failed. He cited BTC near $87,000 yet 46% lower versus gold from its November 2021 peak. Bloomberg's Mike McGlone described Bitcoin as "dead money," pointing to high risk without additional return over five years.