The post Bitcoin Crash Ahead? Peter Schiff Predicts BTC at $20K as Gold Surges appeared first on Coinpedia Fintech News
Since the start of 2025, the Nasdaq Composite index has slipped by over 8.21%. The Nasdaq 100 index has declined by approximately 6.16%. During this period, the Bitcoin market, with a decline of around 11.25%, has mirrored the trend of the US stock market. Conversely, during this period, the Gold spot price has surged by at least 15.1%. Gold advocate Peter Schiff warns that if the NASDAQ enters a bear market, BTC could crash to $65K – or even $20K. He predicts that gold will rise above $3,800, as investors flee riskier assets. Curious to know more? Dive in!
Bitcoin’s Potential Crash Amid Market Turmoil
The Nasdaq Composite index, since the beginning of 2025, has declined by over 8.21%, and the Nasdaq 100 index by 6.16%. During the same period, the BTC price has decreased by approximately 11.25%.Â
In the last 30 days, the BTC market has dropped by around 14.3%. In the last 24 hours alone, the market has plummeted by 0.5%.Â
Bitcoin skeptic Schiff warns that if the Nasdaq falls 20%, Bitcoin could drop to $65,000. He also points out that a deeper stock market crisis could pull the BTC price to a low of $20,000 or even lower.
Schiff likens the present market scenario to previous US market crashes.
In 2008, when the US market faced the Global Financial Crisis, the Nasdaq index suffered a drop of 55%. During the COVID crash of 2000, the Nasdaq experienced a decline of 30%. During the Dot-com bubble, the market witnessed a fall of 80%. Â
Gold’s Rise as Bitcoin Struggles
At the start of this year, the gold spot price was $2,623.954. Since then, the gold market has registered a rise of no fewer than 15.1%.
Schiff notes that there is an inverse relationship between the US market and the gold market.
He forecasts that if the Nasdaq drops further, the price of gold could reach as high as $3,800 per ounce.
Denouncing Bitcoin’s ability to act as a stable hedge against US market uncertainties, Schiff asserts that investors will seek gold as a hedge against market instability.
He argues that Bitcoin’s appeal as a store of value will fade if gold keeps rising while BTC crashes.
He even warns that institutional players like governments, ETFs, and corporate investors, including MicroStrategy, would leave the BTC market.Â
In conclusion, Schiff maintains that Bitcoin is headed for a major crash, while gold is poised to surge. While the crypto market has defied pessimistic predictions before, Schiff remains firm in his belief that gold will outperform Bitcoin in the long run.Â
Notably, in 2024, the gold market recorded a growth of just 27.21%, while the BTC market registered a rise of at least 121.28%.
Only time will tell if gold can outperform Bitcoin this year.
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