Peter Schiff Questions Bitcoin’s Safe Haven Status Amidst Price Volatility

Peter Schiff, Chief Economist at Euro Pacific Capital, recently cast doubt on Bitcoin’s role as a safe haven asset amidst market volatility. His analysis came after Bitcoin prices plunged to $74,000 in April 2025, dropping over 30%. This stark price fluctuation challenged the crypto’s perceived stability. Schiff emphasized that Bitcoin’s lack of consistency in buffering against economic turmoil contrasts sharply with gold, a traditional safe haven asset which saw a 2% gain during the same period.