Peter Schiff Says Bitcoin's Recovery Is A 'Dead Cat Bounce' While Gold Makes Another All-Time High

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Economist and long-time Bitcoin (CRYPTO: BTC) skeptic Peter Schiff has described the crypto king's rebound from Friday's sell-off as a "dead cat bounce."

What Happened: In a series of posts on X, Schiff criticized Bitcoin's volatility and emphasized safer, more stable assets like gold and silver, which are delivering strong returns.

Gold (NYSE:GLD) surged past $4,080, approaching new record highs, while silver traded near $51.60, both unaffected by Friday's declines.

Don’t Miss:

Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — Just $0.81 a Share See Also: Accredited Investors Can Now Tap Into the $36 Trillion Home Equity Market — Without Buying a Single Property

Meanwhile, Bitcoin, which reached all-time highs during early October 2025, experienced a pullback to $115,000/

Schiff noted that the early Monday recovery is likely only a temporary rebound.

In gold terms, Bitcoin remains down roughly 25% from its August peak. On-chain activity has also slowed, with the so-called "blockchain letter" running out of chain.

Why It Matters: Schiff attributed the crypto drop to president Trump's China tariff announcement, though vice president JD Vance later framed the 100% tariff threat as "just a negotiating tactic."

Trump's comments about maintaining good relations with China's president helped stabilize market sentiment.

A trader on X suggested that Trump's allies may have reached out over the weekend, complaining about losing money on their positions.

In response, Schiff noted that Trump's allies reportedly shorted crypto on Friday before his Truth Social post, likely reversing positions before Monday's updates. Schiff concluded, "It’s good to be friends with the king."

Image: Shutterstock

Trending Now:

If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation.

Building Wealth Across More Than Just the Market

Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry.

Story Continues

Arrived Homes

Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.

Worthy Bonds

For those seeking fixed-income style returns without Wall Street complexity, Worthy Property Bonds offers SEC-qualified, interest-bearing bonds starting at just $10. Investors earn a fixed 7% annual return, with funds deployed to small U.S. businesses. The bonds are fully liquid, meaning you can cash out anytime, making them attractive for conservative investors looking for steady, passive income.

IRA Financial

Self-directed investors looking to take greater control of their retirement savings may consider IRA Financial. The platform enables you to use a self-directed IRA or Solo 401(k) to invest in alternative assets such as real estate, private equity, or even crypto. This flexibility empowers retirement savers to go beyond traditional stocks and bonds, building diversified portfolios that align with their long-term wealth strategies.

Moomoo Idle Cash

Moomoo isn't just for trading — it's also one of the most attractive places to park cash. New users can earn a promotional 8.1% APY on uninvested cash, combining a 3.85% base rate with a 4.25% booster once activated. On top of that, eligible new users can also score up to $1,000 in free Nvidia stock—but the real draw here is the ability to earn bank-beating interest rates without having to move into riskier assets.

SoFi Alt Investments

SoFi gives members access to a wide range of professionally managed alternative funds, covering everything from commodities and private credit to venture capital, hedge funds, and real estate. These funds can provide broader diversification, help smooth out portfolio volatility, and potentially boost total returns over time. Many of the funds have relatively low minimums, making alternative investing accessible.

Range Wealth Management

Range Wealth Management takes a modern, subscription-based approach to financial planning. Instead of charging asset-based fees, the platform offers flat-fee tiers that provide unlimited access to fiduciary advisors along with AI-powered planning tools. Investors can link their accounts without moving assets, while higher-level plans unlock advanced support for taxes, real estate, and multi-generational wealth strategies. This model makes Range especially appealing to high-earning professionals who want holistic advice and predictable pricing.

American Hartford Gold

For investors concerned about inflation or seeking portfolio protection, American Hartford Gold provides a simple way to buy and hold physical gold and silver within an IRA or direct delivery. With a minimum investment of $10,000, the platform caters to those looking to preserve wealth through precious metals while maintaining the option to diversify retirement accounts. It's a favored choice for conservative investors who want tangible assets that historically hold value during uncertain markets.

This article Peter Schiff Says Bitcoin's Recovery Is A 'Dead Cat Bounce' While Gold Makes Another All-Time High originally appeared on Benzinga.com

View Comments