Peter Schiff: China Focuses on Gold, Not Bitcoin

Published by

Sohrab Khawas

February 4, 2026

Peter Schiff: China Focuses on Gold, Not Bitcoin

Economist Peter Schiff criticized former President Trump’s push for U.S. dominance in Bitcoin and digital assets, calling it misguided as China focuses on building factories and buying gold. While the U.S. holds around 198,000 BTC, China’s holdings from seizures are close to 190,000-194,000 BTC. Meanwhile, China continues expanding its gold reserves, reaching 2,306 tonnes valued at over $319 billion by December 2025, signaling a preference for traditional assets over crypto.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news