Bitcoin's Correlation with Tech Stocks and Gold: A Cause for Concern?

Tuesday, Dec 23, 2025 11:27 pm ET1min read

Peter Schiff declares that Bitcoin's rally is over as it fails to mirror gains in tech stocks or precious metals like gold. Schiff argues that Bitcoin's correlation with tech stocks has increased, but its correlation with gold has turned sharply negative. Bitcoin's gains over the last five years have outpaced those of the Nasdaq composite and spot gold. However, Bitcoin advocate Willy Woo counters Schiff's criticism, stating that BTC has always been a "risk-sensing instrument" and tends to lead other risk assets into bear markets.

Bitcoin's Correlation with Tech Stocks and Gold: A Cause for Concern?