Peter Schiff Says Bitcoin Decline Comes Amid ‘Rotation’ From Fake To Real Assets: ‘There’s More Than Just Risk-Off At Play’
Posted On December 1, 2025
Economist Peter Schiff called Bitcoin (CRYPTO: BTC) a “fake asset” on Sunday, distinguishing it from risk-off technology stocks.
A Rotation From Fake To Real Assets, Says Schiff
In an X post, Schiff said Bitcoin’s ongoing slump isn’t due to its risk-off sentiment, but rather to its lack of intrinsic value.
“Bitcoin isn’t selling off because it’s a risk asset, but because it’s a fake asset,” Schiff argued.
The Bitcoin critic noted that the Nasdaq Composite, considered a barometer for tech stocks on Wall Street, is less than 2% off its record close, while Bitcoin is more than 28%.
“This shows that there’s more than just risk-off at play. This is a rotation from fake to real assets,” he added.
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