Key Takeaways

Silver surged roughly 165% in 2025, driven by industrial shortages and soaring demand.

Peter Schiff argues Bitcoin will mirror silver’s rally—but in reverse, with a sharp collapse.

Crypto supporters dismiss the warning, pointing to Schiff’s long record of failed Bitcoin predictions.

As silver continues to print record highs, longtime gold advocate and Bitcoin critic Peter Schiff is once again sounding the alarm.

This time, he is warning that BTC is headed for a collapse that will mirror silver’s rise, only in reverse.

Silver climbed above $94 on Jan. 19, extending a surge that has reshaped the precious metals market over the past year.

Since late 2024, the metal has posted new highs with striking frequency, fueled by tight supply and growing industrial demand.

The rally has been dramatic. Silver rose about 165% in 2025 and is already up roughly 30% in the first three weeks of 2026 alone, adding an estimated $1.2 trillion in market value.

Schiff seized on the milestone to deliver another stark warning for Bitcoin holders.

“What’s happening with silver is about to happen with Bitcoin, only in reverse,” Schiff wrote on X. “Silver’s spectacular rise will usher in Bitcoin’s catastrophic collapse. Don’t say I didn’t warn you.”

The comment immediately reignited debate between traditional asset proponents and crypto supporters, a familiar battleground for Schiff, who has spent years criticizing Bitcoin as fundamentally worthless.

Silver’s rally has been driven less by speculation and more by real-world demand pressures.

The metal plays a critical role in solar panels, electric vehicles, and advanced electronics, sectors that have expanded rapidly as governments and corporations invest heavily in green energy and AI infrastructure.

Demand from data centers and semiconductor manufacturing has further strained supply, creating persistent deficits that have pushed prices higher.

Bitcoin, by contrast, has struggled to match silver’s momentum.

Despite a brief rally earlier this month that pushed BTC above $97,000, the asset has failed to sustain a breakout.

Broader market uncertainty, including renewed trade tensions sparked by President Donald Trump’s tariff threats, has kept risk assets under pressure.

While Bitcoin continues to attract institutional interest through ETFs and ongoing legislative efforts in Washington.

Its growing correlation with equities has limited upside during periods of macro stress.

Schiff’s bearish stance on Bitcoin is hardly new.