Peter Schiff, a known staunch critic of Bitcoin and a fervent advocate of gold, has just made a statement that is drawing the attention of many: yes, Bitcoin has not collapsed... but the question is why he highlights it.
Traditionally, Schiff has pointed out time and again that Bitcoin lacks fundamental value, that it is just speculation and that any drop would be inevitable. However, his latest observation was neither a celebration nor a 'I told you so': it was a technical admission that, in reality, says more than it seems.
🔍 What is really being said beyond the words
Schiff is not recognizing 'victory' for Bitcoin. He is comparing BTC's behavior with other safe assets, and that changes the focus:
• Gold and silver are breaking historical highs.
• The dollar is weakening as a safe-haven currency.
• Meanwhile, Bitcoin is neither collapsing nor crashing under these conditions.
In his view, that is not Bitcoin's resilience...
It's simply that it has not suffered the brutal correction he expected compared to how precious metals move.
🧠 Why this nuance actually matters
The crypto market does not celebrate this comment as a bullish turn.
But it reads it as a more honest reading of the current structural context:
1. Bitcoin has shown resilience at key ranges, not free fall.
2. The narrative of 'imminent collapse' did not materialize.
3. Traditional assets (gold, silver) are rising strongly, but Bitcoin is still there, not dissolving.
This does not make Schiff a crypto-optimist.
What it does is bring to light a performance comparison that many investors were feeling: Bitcoin is not crashing as he predicted, but it is also not dominating as a gold-style safe haven.
🔥 What this phrase really reflects
🔹 No explosive crash yet.
🔹 Bitcoin maintains a technical floor under macro pressure.
🔹 The market remains volatile, but it is not collapsing.
🔹 The price narrative and the value narrative (gold vs crypto) are clashing.
And in mature markets, such a statement — from someone so critical — is not to be dismissed.
It reflects that ultra-bearish predictive models have failed... so far.
💡 Useful advice
When one of the harshest critics admits that Bitcoin did not crash, the real lesson is not 'Bitcoin is safe.'
It is this:
➡️ The market may not behave as anyone predicts
➡️ Even skeptics have to adjust their narrative
➡️ Bitcoin still responds to macro context, not just extreme expectations
Volatility is not over.
But the apocalyptic forecast also did not come true.
🤝 Close
Schiff's statement is not an emotional narrative turn.
It is a sign that even the harshest critics are dealing with the reality of the current market.
Bitcoin has not crashed.
And that, in the context of someone who has been waiting for that crash for years...
It is a silent admission of the market change.
👉 Does not celebrate,
But it recognizes what is already implied in the data.
