Key Highlights:
- The crypto market’s crash on October 10, 2025, wiped out $19 billion from the market.
- Peter Schiff warns that Trump’s social media posts cannot save Bitcoin anymore.
- Gold price surge amid this crypto crash.
Gold advocate and somebody who has been a strong critic of crypto since the beginning, Mr. Peter Schiff has once again expressed his opinion on the recent Bitcoin crash on social media platform X (formerly known as Twitter). In his post, he warned that the latest flash crash was “not a buying opportunity but it is a warning.” Schiff, who is well-known for all the bearish stance he has made on digital assets over the years, has argued that the next time Bitcoin drops abruptly, it cannot be saved, even if President Donald Trump tries to boost the sentiment with a quick post on social media platforms.
His comments were a result of the sharp market crash that was observed on Friday, October 10, 2025. The crash wiped out about 19 billion across the crypto market in one session. The crash was observed mainly because Trump announced a 100% tariff on Chinese tech imports which led to panic selling and record $19 billion in crypto liquidations, whereas gold hit a new ATH (all-time high) above $4,000 per ounce.
Digital Gold Narrative Under Pressure
As Schiff issues this warning against Trump that he may not be creating a steady market, but Schiff pointed out that gold’s rally was a direct blow to Bitcoin’s “digital gold” claim. He even argued that the precious metal’s steady climb to multi-month highs indicate Bitcoin’s weakness as a safe haven.
“Gold’s surge is exposing the fiction that Bitcoin is digital gold. The bottom can drop out of Bitcoin at any time.” Schiff wrote.
From this sentence, Schiff is trying to make people understand that gold has been a trusted store of value for many years now, whereas Bitcoin is still speculative and is driven by sentiment and not real utility.
Melt-Up in Precious Metals, Melt-Down in Crypto
In a follow-up post on X, Peter Schiff then also targeted Ether and commented that both these major cryptocurrencies (Bitcoin and Ether) are “melting down,” whereas precious metals such as gold and silver, “keep melting up.” He then warned that crypto buyers face “a rude awakening” and will soon learn “a very costly but valuable lesson.”
He later eased the warning by saying that many of the crypto investors are young, and they still have the time to earn back what they are about to lose. Still, Schiff suggests that the lesson could come with big and significant financial losses.
Market Context and Political Influence
Posts by Trump have usually had a great positive impact on crypto markets in the past. With his endorsements or positive policy hints have created short-lived surges. For example, on March 2, 2025, Trump announced the establishment of the U.S. Strategic Reserve, which included Bitcoin along with other cryptocurrencies. This announcement caused a significant increase in the price of Bitcoin (reaching over $91,000).
Schiff, however, suggests that the market may have reached a point where Bitcoin’s weaknesses are stronger than any political push. The price of gold is rising as there is geopolitical tension, inflation and global debt worries, and all of this makes gold a more safer bet than Bitcoin, as its swings make it a little less dependable in crises.
Analyst Debate and Market Outlook
Some analysts and supporters of crypto say that Schiff is ignoring Bitcoin’s unique features and the growing blockchain adoption. But with high volatility and ongoing regulatory concerns, his warning of another possible crash is gaining attention as well, especially since even a Trump post may not save it this time.
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