Peter Schiff is back – and he is again calling the top of Bitcoin (BTC). So today, Sif went to social media to celebrate a powerful gathering on precious metals. Gold is trading at over $3,400, while Silver is trading at nearly $36. This is at a level that you won’t see after 2012.
However, what was buried in his comments was more pointed out. He flagged the Bitcoin Treasury shift by financial companies as the best potential signal for crypto.
In response to users that gold mining company Boulevard reportedly moved part of its Treasury ministry to cryptocurrency, Schiff replied that this was “another sign of Bitcoin top.” That line alone is particularly noteworthy as BTC continues to stagnate at the $105,000 price range.
Yes, silver is still very cheap and, as a result, it’s much higher. All of these Bitcoin finance companies are another indication of Bitcoin top.
– Peter Schiff (@peterschiff) June 5, 2025
Looking at the big picture, Bitcoin has been struggling with more metals these days. The BTC to Gold to BTC to Silver ratio began to be pulled back after a strong few months of running. Schiff seems to think that this rotation is more than just a pause. For him, it’s part of a trend reversal.
Others in the thread were pushed back saying that gold and silver were not yet measured when adjusted for inflation. But Sif did not change his mind. He mentions how metals have done well recently, and believes Bitcoin’s rise is a bit exaggerated.
It’s more than just a price chart. Schiff links how institutions behave with extreme emotions, just as they diversify their assets. He believes that the second traditional company will begin to infiltrate Bitcoin.
We need to wait to see if he is right.