Schiff pointed out that BTC has lost about 30% of its value when priced in gold since reaching its ATH in November 2021.
\nHe emphasized that this decline comes despite a wave of positive news for the cryptocurrency sector.
\nSchiff\u2019s criticism coincides with recent data showing that some of MicroStrategy\u2019s latest BTC acquisitions are currently underwater.<\/p>\n
Bitcoin could be heading deeper into a bear market, according to well-known gold advocate and Bitcoin critic Peter Schiff.<\/p>\n
Schiff argued that Bitcoin\u2019s performance has been disappointing, especially when compared to gold, even after several major developments that many believed would boost its value.<\/p>\n
His latest remarks have reignited the debate over Bitcoin\u2019s role as \u201cdigital gold\u201d and its long-term viability as a store of value.<\/p>\n
In a recent post on X<\/a> (formerly Twitter), Schiff pointed out that Bitcoin has lost about 30% of its value when priced in gold since reaching its all-time high in November 2021.<\/p>\n He emphasized that this decline comes despite a wave of positive news for the cryptocurrency sector<\/a>, including the launch of multiple Bitcoin ETFs, massive Bitcoin purchases by MicroStrategy, the election of the first pro-Bitcoin president, and the creation of a Bitcoin Strategic Reserve.<\/p>\n \u201cSince its peak price in November of 2021, despite all the ETFs, massive leveraged buying by $MSTR, the election of the first Bitcoin president, and the creation of a Bitcoin Strategic Reserve, Bitcoin has lost 30% of its value priced in gold,\u201d Schiff stated.<\/p>\n\n Schiff\u2019s criticism coincides with recent data showing that some of MicroStrategy\u2019s latest Bitcoin acquisitions are currently underwater.<\/p>\n According to Saylortracker, the company\u2019s Bitcoin purchases made on February 10, February 24, March 24, and March 31 of 2025 are all recording losses ranging from 2.2% to 15.44%.<\/p>\n Only the March 17 purchase of 130 BTC shows a slight gain of 0.43%.<\/p>\n This financial reality challenges the idea that Bitcoin is a reliable hedge against inflation or market instability, a narrative that has often been compared to gold\u2019s traditional role.<\/p>\n Schiff has long argued that Bitcoin lacks the intrinsic value and historical stability that make gold a trusted store of wealth.<\/p>\n While Bitcoin continues to trade around $68,000, its volatility and relatively poor performance against gold have raised questions among investors.<\/p>\n Some market analysts believe that Bitcoin\u2019s correlation with risk assets, rather than behaving like gold during market turmoil, could undermine its \u201csafe haven\u201d status.<\/p>\n Adding to the uncertainty, broader macroeconomic factors, such as rising trade tensions, fluctuating interest rates, and global financial instability, have created a challenging environment for cryptocurrencies.<\/p>\n These pressures may continue to weigh on Bitcoin\u2019s price in the near term.<\/p>\n Still, not everyone agrees with Schiff\u2019s bearish outlook. Many Bitcoin advocates argue that the ongoing institutional adoption and regulatory clarity could eventually lead to higher prices.<\/p>\n They see Bitcoin\u2019s limited supply and growing global interest as strong fundamentals that could drive future growth.<\/p>\n The post Is Bitcoin entering a major bear market? Peter Schiff thinks so<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Schiff pointed out that BTC has lost about 30% of its value when priced in gold since reaching its ATH in November 2021. He emphasized that this decline comes despite a wave of positive news for the cryptocurrency sector. Schiff\u2019s criticism coincides with recent data showing that some of MicroStrategy\u2019s latest BTC acquisitions are currently […]<\/p>\n","protected":false},"author":0,"featured_media":2958,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2957","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2957"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2958"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}