Peter Schiff Slams Bitcoin Rise After SEC Announcement on Tokenized Stocks

Peter Schiff strikes again. The SEC's announcement on September 17 concerns a five-year exemption for trading tokenized stocks. Issuers retain a right of veto over their own securities. Result: Bitcoin has climbed, and is moving this Monday around 84,000 dollars. However, for the economist, a declared opponent of BTC for more than a decade, this increase simply does not hold up. According to him, the news would on the contrary be bearish for Bitcoin. It must now, in fact, compete against a much stronger competitor in the field of tokenization. In short, these are actions represented digitally on a blockchain.

BTC rally described as illogical by Peter Schiff

“The sharp rise in Bitcoin yesterday after the SEC’s announcement on tokenized stocks makes no sense,” Schiff wrote on His reasoning comes down to a simple question. If we can hold the tokenized version of a real share, with real dividends and real voting rights. So why would he still go looking for an asset that brings in nothing and represents nothing behind it?

The argument is not new for him, but it finds here a very fresh regulatory covering. Tokenized securities backed by profitable and dividend-paying companies would, according to Schiff, constitute a more reliable store of value than a token. Indeed, this is not, in his eyes, supported by anything tangible.

Twenty-two funerals and still no death

The site bitcoindeaths.com lists at least 22 Bitcoin death announcements signed by Peter Schiff since 2011. He predicted a collapse below $20,000 a few months ago. He once advised selling Bitcoin to buy gold, at the worst possible time to do so. Another time, he even publicly refused to bet that Bitcoin would go to zero within ten years. It’s even a moment of hesitation that remains rare enough to be the subject of an article in its own right. The character is known, the record continues to play, and the market continues to mostly not listen to him.

What changes this time is the angle chosen. Now Schiff is no longer just betting on Bitcoin collapsing through its own supposed flaws. He invents a frontal competitor, traditional tokenized finance, supposed to suck away its liquidity. A bet which assumes that the two markets are competing for the same pool of capital. However, nothing in the flows observed so far on Bitcoin ETFs and on the first tokenized stock platforms clearly confirms this hypothesis for the moment.

The market, for the moment, decides otherwise