Bitcoin News Today: Bitcoin Loses Golden Shine as Gold Claims Store-of-Value Crown

Peter Schiff, a prominent advocate for gold, has raised concerns about Bitcoin's performance relative to the precious metal, suggesting it is approaching bear market territory when measured in gold. According to recent data, Bitcoin's value in terms of gold has dropped 18% since peaking at 37.2 ounces on August 12, 2025. This decline places Bitcoin just 2% above what is considered official bear market territory. Additionally, Bitcoin is nearly 16% below its November 2021 level when priced in gold, underscoring a long-term underperformance compared to the traditional safe-haven asset [1].

Gold's recent surge to an all-time high of $3,586 has further emphasized its appeal as a stable store of value. Over the past year, gold has gained 42%, outperforming many other asset classes and reinforcing its role as a reliable hedge against economic uncertainty. Year-to-date, it has risen 36%, with a 23% increase in the past six months alone. These metrics highlight gold's consistent performance across multiple market cycles, a trait that many argue is essential for assets expected to function as true stores of value [1].

In contrast, Bitcoin has shown mixed results in recent months. While it has delivered substantial gains over the long term—nearly 1,000% in five years and 96% in one year—its short-term volatility has raised questions about its viability as a safe-haven asset. The cryptocurrency is currently trading near $110,160, down 0.46% in a single day and over 4% lower in the past month. Critics argue that Bitcoin's recent underperformance in gold terms undermines its credibility as a long-term investment, particularly when compared to gold's steady and predictable growth [1].

Adding to the skepticism, Bloomberg Intelligence analyst Mike McGlone has highlighted structural weaknesses in Bitcoin's market dynamics. He compared Bitcoin's price patterns to those of Dogecoin, suggesting that Bitcoin shares similar vulnerabilities to sharp corrections following significant price surges. McGlone also pointed to the growing number of alternative cryptocurrencies—now numbering in the thousands—many of which have experienced faster growth than Bitcoin since 2009. He warned that Bitcoin's fixed supply of 21 million coins does not insulate it from broader macroeconomic risks, especially in a market that is closely tied to risk assets [1].

The debate over Bitcoin's role as a store of value has intensified as gold continues to strengthen its position. Gold's recent performance has been supported by macroeconomic factors including falling government bond yields in major Western economies, persistent inflation, and slowing economic growth. These dynamics have reinforced gold’s historical role as a safe-haven asset and highlighted the challenges Bitcoin faces in competing as a reliable alternative [6]. Analysts note that while Bitcoin has the potential for massive upside over time, its current volatility and exposure to macroeconomic shocks make it a less stable option for investors seeking long-term preservation of value [1].

Source:

[1] Peter Schiff Criticizes Bitcoin’s Performance Following ... (https://coingape.com/peter-schiff-criticizes-bitcoins-performance-following-golds-rally/)

[2] Bitcoin vs. Gold: Schiff Says BTC is Weak—Will Bulls Prove ... (https://cryptorank.io/news/feed/a5b1c-bitcoin-vs-gold-schiff-says-btc-is-weak-will-bulls-prove-him-wrong)

[3] GOLD to BTC: Gold Price in Bitcoin (https://www.coingecko.com/en/coins/gold-2/btc)

[4] Serious U.S. Dollar Fed Warning Issued As Bitcoin Mounts ... (https://www.forbes.com/sites/digital-assets/2025/09/06/goldman-sachs-issues-serious-us-dollar-fed-warning-as-bitcoin-mounts-24-trillion-gold-price-challenge/)

[5] Crypto Rules in Europe vs. the US: Does Your Stablecoin ... (https://finance.yahoo.com/news/crypto-rules-europe-vs-us-184431208.html)

[6] Gold Outshines in 2025 as Bitcoin-Gold Ratio Eyes Q4 Breakout (https://finance.yahoo.com/news/gold-outshines-2025-bitcoin-gold-082518497.html)