Bitcoin Loses 32% Against Gold, Schiff Predicts Collapse

Peter Schiff never misses an opportunity to point out what he considers to be a digital illusion: bitcoin. And in this period when gold is reaching new heights, the economist has brought out the heavy artillery. For him, the 32% drop in BTC against gold since August is a sign of an imminent crash. But his speech, although exciting for lovers of the yellow metal, is not without controversy in the cryptosphere.

When Peter Schiff jubilant: gold shines, bitcoin wavers

On October 16, Peter Schiff tweeted triumphantly: “ Gold is eating Bitcoin's lunch. Bitcoin has fallen 32% against gold since its August peak. This Bitcoin bear market will be brutal. HODLers, sell your fake gold now and buy the real thing, or have fun going broke “.

At the same time, gold reached a new high at $4,318 per ouncereinforced by Sino-American tensions, forecasts of Fed rate cuts and demand from central banks.

For Schiff, there is no doubt:

It is not only a movement of de-dollarization, but also of de-bitcoinization. Bitcoin has failed the test as a viable alternative to the US dollar or digital gold. HODLers are in denial, and their refusal to accept reality will cost them dearly..

According to him, hodlers live in denial. However, this time, the numbers speak in its favor. Gold has surged more than 64% since January, while bitcoin is only up 16% over the same period.

Safe haven war: gold explodes, bitcoin resists

But Schiff doesn't just have supporters. Under his publications, counter-arguments arise. One of the most notable is from @BTCPeakHub, who recalls that despite the volatility, bitcoin reached $126,198 at the beginning of October. “ This is not a “failure”. It's just Bitcoin making Bitcoin. . »

Others also recall historic performances. Alex Stanczyk notes, for example, that he bought gold at $650 in 2007, which allowed him to make a gain of 521%. But he points out that an equivalent investment in bitcoin, over the same period, would have generated a return of 174 million percent. Even over the last five years, the progression still reaches 1,003%. He refers to an article in which he defends complementarity between the two assets.

Ultimately, this is where the real debate lies. Gold remains the safe haven asset par excellence, driven by market fear and low interest rate policies. But bitcoin, as an emerging asset, is attracting a new generation of investors. It also remains the heart of blockchain innovation.

Schiff's disenchantment with bitcoin is therefore double-edged. Because every time he predicts his fall, a spectacular rise seems to make him lie… Until proven otherwise.

Solid gold versus volatile bitcoin: 5 game-changing facts

One of the hottest debates is that of overall valuation. Gold and bitcoin do not play on the same ground.

Here are some key figures to remember:

• Gold has reached a historic market cap of $30,000 billion, or 14.5 times that of bitcoin;
• In a single week, gold would have added 300 billion dollars to its capitalization, the equivalent of the market cap of BTC;
• The bitcoin price has fallen 32% against gold since the August 2025 peak;
• However, the number of addresses holding BTC increased from 6.99 to 7.07 million in a few days;
• Institutions like BlackRock or US Bancorp continue to invest in crypto infrastructure.

Faced with this, some analysts say that gold could soon reach $5,000 if geopolitical tensions persist. But they do not rule out a rotation of capital towards bitcoin in the event of the yellow metal running out of steam.

So, should we bet everything on gold? Or stay patient with bitcoin?

Peter Schiff may be right in the short term, but many believe he is wrong once again. Gold's new peak could well, according to some analysts, herald the next big boom in bitcoin. Between current reality and future potential, the match between the two assets has only just begun.