Peter Schiff "I understand Bitcoin so I don't hold it": Unable to comprehend US debt stablecoins, it's better to reserve dollars in gold.

Gold bull Peter Schiff questioned that the dollar stablecoin was "incomprehensible" and replied, planning to launch a gold-linked token, and soured bitcoin and said that if it understood, it should not be held. (Synopsis: Bitcoin villain Peter Schiff is begging the community again: Airdrop BTC is welcome as my birthday gift) (Background added: Will MicroStrategy go bankrupt? Bitcoin villain Peter Schiff warns: If U.S. stocks go bearish, BTC may fall below $20,000) The U.S. Senate passed the Universal Regulation of Crypto Assets and Securities Act of 2025 (GENIUS Act) on June 17, setting new rules for stablecoins with a market capitalization of about $260 billion. Three days later, gold bull Peter Schiff posted on X, questioning the credibility of the dollar stablecoin and claiming to issue a gold-pegged token, fueling the "anchor asset" debate again. Schiff said on June 20 that he understood Bitcoin, but could not understand the US dollar stablecoin, pointing out that the US dollar itself has inflation and deficit problems, and is not suitable as a guarantee. He further explained in an interview that although the market already has XAUT, PAXG and other products, he still plans to launch his own gold token; The chain selection, name and schedule are still to be announced. Schiff bluntly says that gold is more reliable than the dollar if you really rely on third-party escrow: I understand Bitcoin, but not the dollar stablecoin. If you must trust, it is better to believe in gold. If you're bringing in a third-party custodian, why settle for a token backed by a flawed fiat currency like the US dollar when you can own a token backed by gold? You get the same liquidity, but you also get a real store of value. Insist on being a crypto villain In response to such remarks, netizens also complained with all their might, believing that Peter Schiff's recent remarks have become insane and completely inconsistent with his previous words and deeds of being bearish on Bitcoin, such as a netizen who said "Oh my God, you said something bullish on Bitcoin" and "You understand Bitcoin?" , while Peter Schiff responded: No, I'm just saying I get it, not that I agree with other people to like it. I get the reason why I don't own BTC. On the other hand, netizens also encouraged him to use gold-backed stablecoins, and Peter Schiff also said: They already exist, but I launched my own (gold stablecoins). And at the end, a netizen also mentioned the liquidity advantages of the current stablecoin's improvement, but Peter Schiff still shot back that is not worth mentioning: you can do the same thing with gold-backed tokens. If you want to trade with USD, there are many easy ways to do it without a token on the blockchain. Related reports Peter Schiff bombards Trump Crypto Summit: "America's shame"! White House kidnapped by crypto faction Bitcoin villain Peter Schiff turned? Announcing the establishment of a personal BTC reserve, he really received 0.05 free airdrops Peter Schiff scolded the "Bitcoin Strategic Reserve": Trump should create US dollars, the upper limit is 21 million, LOGO I designed "Peter Schiff "I understand bitcoin, so I don't hold it": I can't understand the US debt stablecoin, it's not as good as the gold reserve dollar" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".