Peter Schiff Calls Out Bitcoin Supporters for ‘Flipping’ on U.S. Economy Post-Trump Election — Critics Push Back

In a recent wave of criticism, veteran economist and gold advocate Peter Schiff has accused Bitcoin proponents of reversing their economic outlook ever since Donald Trump returned to the political spotlight. According to Schiff, many in the crypto community who once predicted doom for the U.S. economy are now singing a different tune, simply because Trump is seen as a pro-crypto candidate.

Schiff Says Bitcoiners “Did a 180” on the Economy

Peter Schiff, known for his relentless criticism of Bitcoin, took to social media this week to express what he sees as hypocrisy in the crypto world. He claims that the same individuals who spent years warning of economic collapse under government mismanagement are now optimistic about the economy, because they believe Trump will support digital assets like Bitcoin.

“Bitcoin advocates used to be the loudest voices predicting a dollar collapse,” Schiff argued. “Now, because Trump is back and likes Bitcoin, they’re suddenly bullish on America? That’s not economics—it’s wishful thinking.”

According to Schiff, the recent Bitcoin price surge is less about fundamentals and more about speculative mania driven by political sentiment. With Bitcoin reaching new highs, Schiff cautions that investors are getting caught up in hype rather than focusing on economic reality.

Trump’s Pro-Crypto Stance Fuels Investor Confidence

Trump’s evolving relationship with crypto has certainly influenced market sentiment. While the president once called Bitcoin a “scam,” his recent rhetoric has softened, and many believe he could champion a more crypto-friendly regulatory framework if re-elected.

This shift has emboldened many crypto investors and advocates. With clearer rules potentially on the horizon, institutional adoption is rising, and confidence in the digital asset space is building. Some argue that Trump’s perceived support of crypto aligns with his broader economic agenda, favoring innovation, deregulation, and financial sovereignty.

This optimism, critics say, doesn’t reflect a reversal in economic understanding but rather a response to changing political dynamics that could influence the crypto industry for the better.

Critics Defend the Shift as Realism, Not Hypocrisy

Crypto supporters didn’t take Schiff’s criticism lying down. Many were quick to point out that changing conditions, both political and regulatory, naturally lead to shifts in sentiment. It’s not about “cheering for America” because of Trump, they argue, but about recognizing an environment that may finally allow crypto to thrive without suffocating red tape.

“The optimism isn’t about blind faith in Trump,” one prominent crypto commentator tweeted. “It’s about the possibility of a government that stops treating crypto like a threat and starts treating it like an opportunity.”

A Clash of Ideologies

Schiff’s comments reignite the long-standing debate over Bitcoin’s value proposition. While Schiff views it as a speculative bubble detached from real value, Bitcoiners argue it’s a hedge against inflation and central bank overreach, especially in times of political change.

Ultimately, the clash reflects deeper tensions about the future of money, financial independence, and how much politics should shape investor sentiment. As 2025 unfolds, one thing is certain: the battle between gold and Bitcoin, and the ideologies they represent, is far from over.