Schiff's Surprise: Tokenized Gold Gets a Nod from Bitcoin Skeptic

Peter Schiff Warms Up to Tokenized Gold

Veteran fund manager Peter Schiff, known for his skepticism towards Bitcoin, has expressed a positive view on the tokenization of gold using blockchain technology. This marks a notable shift, as Schiff has traditionally been critical of cryptocurrencies.

Tokenization: A New Angle on an Old Asset

Tokenization involves representing real-world assets (RWAs) as digital tokens on a blockchain. This allows for fractional ownership and increased liquidity. Schiff believes that tokenizing gold is a practical application of blockchain technology, something he's suggested as the ultimate destination for the technology.

Schiff's Critique of Bitcoin Remains

While Schiff sees value in tokenized gold, he remains critical of Bitcoin and other cryptocurrencies, dismissing them as "worthless strings of numbers". He maintains that gold possesses inherent value, unlike Bitcoin, which he views as lacking tangible backing.

Potential New Offering?

Schiff hinted at a possible upcoming offering related to tokenized gold on his website. This could represent a significant move into the blockchain space for the gold advocate.

Market Snapshot (July 8, 2025)

• Bitcoin (BTC): $109,030.67 (+0.9% daily)
• Gold: $3,303.62 per oz (-0.89% daily)

Key Takeaways:

• Peter Schiff acknowledges the potential of blockchain for tokenizing real assets like gold.
• He remains critical of Bitcoin and other cryptocurrencies.
• Schiff may be launching his own tokenized gold offering.