Peter Schiff Advocates Tokenized Gold as Blockchain’s Future

Schiff’s comments highlight a pivotal shift toward real-world asset tokenization, potentially reshaping cryptocurrency focus on blockchain-backed gold assets.

Peter Schiff, economist and CEO of Euro Pacific Capital, recently endorsed the blockchain’s role in tokenizing real assets. He believes gold-backed tokens present blockchain’s most compelling use case, setting a new trend in the industry. Peter Schiff is noted for his criticism of speculative cryptocurrencies but acknowledges blockchain’s potential in digitizing physical assets like gold. His remarks at the Bitcoin 2025 Conference emphasized the value of tokenized gold.

“Gold is a better store of value than Bitcoin, and tokenizing it for liquidity is a way forward.”

Gold-backed tokens are expected to alter the landscape of digital currencies. Schiff suggested a potential launch of his own gold-backed stablecoin, pointing to rising private and institutional interest in asset-backed tokens. Industry observers note that real-world asset (RWA) tokens reflect increasing institutional interest, with rising activity in projects like Pax Gold and Tether Gold. Schiff’s push for gold-backed tokens comes as no major regulatory changes hinder these plans. However, cryptocurrencies like Bitcoin may see decreased demand, driven by the attention on blockchain’s application in tokenized gold. Discussions among crypto advocates indicate a split perception, with some viewing RWAs as a progressive step, while others defend the original cryptocurrency ideals.