Schiff has been a vocal critic of Bitcoin, stating last month that the apex digital asset was in a bear market and had failed to live up to its hype as “Digital Gold.”

Notably, gold was up nearly 50% in 2025, while Bitcoin has rallied 33% year-to-date.

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This article Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’ originally appeared on Benzinga.com