Peter Schiff Celebrates Gold ETF Returns, Dunks on Bitcoin

Gold investor Peter Schiff bragged about the returns on his precious metals in an X post on Tuesday before using the moment to take a dig at bitcoin ( BTC). Schiff says he owns the VanEck Gold Miners ETF (GDX), which has returned 61.3% so far this year according to Yahoo Finance. Schiff, a staunch critic of all cryptocurrencies, but bitcoin in particular, then quoted the digital asset’s year-to-date (YTD) return, which is currently at 28.06% according to Yahoo, although Schiff wrote 27%. “I may not own any Bitcoin, but I have a lot more money in gold and silver mining stocks than many Bitcoin whales have in Bitcoin,” Schiff said. “ Bitcoin is up 27% so far in 2025, while the GDX is up 61%. Have fun staying poor, Bitcoiners!” Just a day earlier, the 63-year-old stockbroker implored ether (ETH) investors to sell their holdings and use the proceeds to buy bitcoin.