Peter Schiff Says Bitcoin Value ‘Purely Subjective,’ Unlike ‘Objective’ Gold, Economist Says BTC Has No ‘Utility’ Beyond Belief — Draws Fire
Posted On December 3, 2025
Noted economist Peter Schiff said on Tuesday that gold’s intrinsic value stems from tangible properties as opposed to Bitcoin (CRYPTO: BTC), which he deemed “purely subjective.”
Schiff Says Bitcoin Has No Utility Beyond Belief
In an X post, Schiff refuted claims by Bitcoin advocates that gold’s value is subjective.
“Gold has objective value as a metal with conductivity, malleability, corrosion resistance, and real industrial and commercial uses,” the Bitcoin critic stated.
He contrasted this with Bitcoin, which he argued has “no utility beyond belief” and is “purely subjective.”
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