Bitcoin Should Be At $148,000 To Match With Gold Rally, Says Peter Schiff

Bhushan Akolkar
2 hours ago
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Peter Schiff says Bitcoin is underperforming the Gold rally

Highlights

  • Peter Schiff calls Bitcoin rally to all-time high as a bear market rally.
  • Bitcoin would need to reach $148,000 to match its previous high relative to gold, he added.
  • Data shows that Bitcoin leads in total returns, while gold leads in risk-adjusted performance.

Bitcoin price surged to a fresh all-time high at $126,198, with its market cap surging past $2.5 trillion for the first time. However, Gold buff Peter Schiff calls it a bear market rally, adding that it is still lagging in comparison to the yellow metal. As the Gold rally extends to all-time highs of $4,000 per ounce, Schiff says that BTC should be trading close to $150K, to match the move.

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Bitcoin Is Seeing a Bear Market Rally, Says Peter Schiff

Economist Peter Schiff called BTC’s recent rally to an all-time high a “bear market rally,” hinting at a short-term rebound but a long-term bear market decline.  Despite the US government shutdown, BTC has continued to inch higher on expectations of another Fed rate cut this month.

On the other hand, Gold rally has been strong enough, hitting the all-time highs of $4,000/oz. Peter Schiff noted that while BTC briefly traded above $126,000, it remains about 15% below its record high when measured against gold.

Schiff argued that it is “too early for Bitcoiners to get excited” about the current rally. He called it a potential bear market rebound rather than the start of a sustained uptrend. Schiff noted that since gold prices continue to climb, the benchmark for Bitcoin’s all-time high in gold terms is moving higher.

“Based on where gold is now, Bitcoin would need to reach about $148,000 to match its previous record price in gold,” Schiff stated. Crypto market analysts also believe that $150,000 BTC rally is within reach and shall happen by the year-end.

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BTC To Catch Up With Gold Rally?

So far in 2025, Gold has been an outperformer to BTC, while recently becoming a $27 trillion asset class. This means that amid the Gold rally, the yellow metal has extended its lead over Bitcoin, by more than 10x. However, both these asset classes continue to be in strong demand.

Ecoinometrics recently shared data noting that Bitcoin and gold remain the leading performers among major asset classes. Bitcoin continues to lead in total returns, while gold maintains the edge in risk-adjusted returns.

Bitcoin and Gold are leading asset classes
Source: Ecoinometrics

Ecoinometrice noted that this performance trend has persisted for the past two years. This underscores investors’ continued preference for hard assets amid broader market uncertainty and macroeconomic shifts. Paul Tudor Jones believes that an explosive ‘Uptober’ rally for BTC is still in the making.

Commenting on the Gold rally, Schiff wrote: “This is a clear warning that current Fed policy is wrong. The Fed needs to reverse course immediately, raise interest rates between meetings, and signal that more rate hikes are coming.”

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.