Peter Schiff Says Bitcoin Is in ‘Stealth Bear Market’ When Priced in Gold
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- Bitcoin vs gold debate reemerged after Schiff said BTC is in a stealth bear market.
- Is Bitcoin inferior to gold? Schiff cites a 22% decline in BTC/gold ratio.
- Bitcoin gold correlation slips as supporters cite BTC’s long-term outperformance.
Economist and gold advocate Peter Schiff renewed his criticism of Bitcoin, this time arguing the cryptocurrency has been in a “stealth bear market” when measured in gold.
Schiff, in a post on X, pointed out that, when measured in gold, Bitcoin is down 22% from its August 2025 high and 20% from its November 2021 peak.
His reasoning was one Bitcoin today, at about $109,702, equals roughly 29 ounces of gold at spot prices near $3,773 per ounce. At Bitcoin’s August 14 peak of $124,128, that ratio was almost 37 ounces, and in November 2021 it stood at 35.6 ounces.
For Schiff, this falling ratio shows why Bitcoin is inf…
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Coins
$ 63.58K
-5.10%$ 0.422
$ 0.00782
-8.45%$ 0.00384
$ 0.631
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