Can the surge in gold save Bitcoin? Schiff blasts this as market illusion

2026-01-15 14:37:04

Abstract generation in progress

Economist Peter Schiff recently “took a shot” at a popular industry viewpoint on social media. Some analysts believe that a strengthening gold price will boost Bitcoin’s performance, but Schiff bluntly states that this logic is flawed.

His core point is straightforward: Bitcoin’s strong performance in history did not occur during times when gold broke out, but rather during periods of gold consolidation and fluctuation. During that time, investors flocked to Bitcoin seeking inflation hedges and safe-haven assets, gradually replacing gold as the new choice.

But current market data has proven these people wrong. Peter Schiff pointed out that the recent strong rise in gold prices has overturned the market narrative that “rising gold prices benefit Bitcoin.” From another perspective, when gold has already found its upward momentum, interpreting the market with the old thinking that “strong gold can drive Bitcoin” no longer fits reality. This understanding of the relationship between the two may need to be reexamined.

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