Bitcoin News Today: Bitcoin Weakness Against Gold Fuels Bearish Critique from Schiff

Bitcoin may have hit a rough patch as longtime critic Peter Schiff intensifies his bearish stance. The economist and gold advocate argues that Bitcoin remains on a downward trajectory and lacks the qualities of a true store of value. He reiterated these views on social media and in public commentary, emphasizing that Bitcoin is more volatile and less reliable than traditional assets like gold.

Schiff's latest remarks focus on how Bitcoin is failing to align with broader market trends. He noted that the cryptocurrency does not move in sync with other risk assets and does not hold up as a safe-haven play when compared to gold or silver. The growing divergence between Bitcoin's performance and that of precious metals is fueling skepticism among traditional finance experts.

Bitcoin's price has struggled in 2025, slipping well below $90,000 and lagging far behind gold, which has hit record highs. The cryptocurrency has seen over $460 million in ETF outflows, signaling caution among institutional investors. Meanwhile, gold and silver continue to outperform, with gold up about 65% and silver surging over 132% year-to-date.

Schiff's Criticisms and the Bitcoin Thesis

Peter Schiff has long been a vocal opponent of Bitcoin, arguing that the digital asset is not a reliable store of value and is more of a speculative vehicle. His recent comments focus on the idea that Bitcoin's price movements are inconsistent with other risk assets and that it fails as a true alternative to gold. Schiff's view is that Bitcoin's volatility makes it unsuitable for investors seeking long-term preservation of value.

Schiff also criticized Michael Saylor and MicroStrategy's strategy of buying Bitcoin while its shares trade below net asset value. He argued that Saylor's actions prioritize Bitcoin advocacy over maximizing equity value, a point of contention that has persisted for years . Saylor, in contrast, maintains that Bitcoin is a core treasury asset and that long-term accumulation is the company's primary mission.

Market Dynamics and Analyst Perspectives

Bitcoin's technical outlook remains bearish, with key support levels at $85,000 and $73,000 becoming critical watchpoints. Analysts note that Bitcoin's underperformance against gold may signal a deeper issue in the crypto market. While gold has surged due to global economic uncertainties and expected interest rate cuts, Bitcoin has remained range-bound and weaker .

VanEck, despite its missed $180,000 year-end target for Bitcoin, has maintained a long-term bullish stance, arguing that Bitcoin's underperformance is temporary and that it is well positioned for a rebound in 2026 . The firm's analysis suggests that Bitcoin's historical response to periods of liquidity tightening and debasement could lead to a sharp recovery.

Risks to the Outlook

Bitcoin's fixed supply model, unlike the more flexible supply of gold, could pose a structural challenge in the near term. While rising demand for gold can drive increased mining activity, Bitcoin's supply is capped at 21 million coins and is reduced every four years by a halving event. This dynamic can create different price behaviors, especially during bear markets when demand wanes .

Critics argue that Bitcoin's price weakness against gold reflects broader skepticism in the crypto market. The two-year chart shows both assets reaching similar returns, but Bitcoin's path has been smoother, lacking the sharp volatility that characterized gold's early surge. Some analysts see this as a sign that Bitcoin is still in the process of forming a bottom rather than falling into a prolonged bear phase .

What This Means for Investors

For investors, the debate between Bitcoin and gold highlights the importance of portfolio diversification and risk management. While gold continues to be a preferred safe-haven asset, Bitcoin's unique properties and potential for long-term growth remain a topic of contention. Schiff's warnings underscore the need for investors to evaluate Bitcoin not just as a speculative play but as a potential risk asset rather than a store of value.

Bitcoin's recent price action suggests a consolidation phase, with key support and resistance levels likely to determine the next move. If the $85,000 level is breached, further downward pressure could emerge. However, signs of bullish divergence in technical indicators offer cautious optimism for a potential rebound.