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The post Bitcoin vs Silver Crash: Expert Calls Out Peter Schiff Over Double Standards appeared first on Coinpedia Fintech News
A sharp sell-off in silver has unexpectedly reignited one of cryptoâs longest-running debates.
Finance expert and author Shanaka Anslem Pereraâs tweet is garnering attention after responding to comments from longtime Bitcoin critic Peter Schiff, who weighed in on silverâs sudden drop. Silver plunged as much as 14% in just over an hour, falling from $84 to $72 after CME margin hikes triggered forced liquidations and wiped out billions in leveraged positions.
Schiffâs conclusion was clear.
âFollowing a 14% silver correction, silver stocks are even better buys now.â
Pereraâs response questioned why the same logic doesnât apply to Bitcoin.
In his tweet, Perera pointed out that Bitcoinâs recent 30% correction from all-time highs was driven by the same mechanics behind silverâs crash â leverage, margin calls, and forced liquidations.
Silverâs decline was treated as a buying opportunity. Bitcoinâs pullback, according to Schiff, was proof that itâs a âscamâ and âgoing to zero.â
Perera asked a simple question: how can identical market behavior lead to such different verdicts?
Perera backed his argument with history. He listed Schiffâs repeated Bitcoin criticisms over the years â from calling it a âfraudâ at $5, âtulip maniaâ at $1,000, and âtoo expensiveâ at $3,800, to again labeling it a âscamâ near $90,000.
The most pointed part of Pereraâs ârantâ focused on incentives.
He noted that SchiffGold accepts Bitcoin, Schiffâs son owns Bitcoin, and Schiff regularly speaks at Bitcoin conferences. At the same time, Schiffâs anti-Bitcoin posts generate far more engagement than his gold commentary.
âBitcoin IS your marketing strategy.â
The broader crypto community echoed the sentiment. One user wrote that Bitcoin outrage fuels visibility, while another said: Bitcoin âisnât the target â itâs the engine.â
Pereraâs critique didnât try to prove Bitcoinâs value. Instead, it challenged whether the same rules are being applied across markets and that question is whatâs keeping the debate alive.
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