<ul><li>Senator JD Vance hailed Bitcoin as a wealth creator and strategic asset at Bitcoin 2025, sparking debate with economist Peter Schiff.</li><li>Peter Schiff countered Vance's claims, stating that Bitcoin facilitated a transfer of wealth, not wealth creation, advocating for gold as a hedge against inflation.</li><li>Schiff criticized the government's promotion of Bitcoin as a backup plan instead of focusing on fixing policies, suggesting good governance to reduce inflation.</li><li>At the Bitcoin 2025 conference, Schiff humorously noted his indirect role in promoting Bitcoin through criticism, emphasizing gold over Bitcoin for stability.</li></ul>

Peter Schiff Debunks ‘Wealth Creation’ Claims After Vance’s Bitcoin Speech

Discover more