Since the start of 2025, the Nasdaq Composite index has fallen by over 8.21%, while the Nasdaq 100 index has declined by approximately 6.16%. During the same period, Bitcoin has mirrored the US stock market’s downturn, dropping around 11.25%. In contrast, gold has surged by at least 15.1%.
Gold advocate Peter Schiff warns that if the Nasdaq enters a bear market, Bitcoin could crash to $65K—or even as low as $20K. He predicts that as investors flee riskier assets, gold will rise above $3,800.
Bitcoin’s Potential Crash Amid Market Turmoil
Since the beginning of 2025, the Nasdaq Composite index has declined by over 8.21%, while the Nasdaq 100 index has dropped by 6.16%. Bitcoin has suffered an even sharper decline, losing approximately 11.25% during this period.
In the past 30 days, BTC has fallen by around 14.3%, with a 0.5% drop in just the last 24 hours.
Bitcoin skeptic Peter Schiff warns that if the Nasdaq falls by 20%, Bitcoin could sink to $65,000. He also suggests that a deeper stock market crisis could push BTC to $20,000—or even lower.
Schiff compares the current market scenario to past US market crashes:
During the 2008 Global Financial Crisis, the Nasdaq plummeted by 55%.
In the 2000 Dot-com bubble, the Nasdaq fell by 80%.
The COVID crash of 2020 saw the Nasdaq decline by 30%.
Gold’s Rise as Bitcoin Struggles
At the start of this year, gold was priced at $2,623.95 per ounce. Since then, it has surged by at least 15.1%.
Schiff highlights the inverse relationship between the US stock market and gold, forecasting that if the Nasdaq drops further, gold could reach $3,800 per ounce.
He argues that Bitcoin is not a reliable hedge against market uncertainty and claims that institutional investors, including governments, ETFs, and corporate entities like MicroStrategy, might abandon BTC if it continues to crash while gold rises.
Bitcoin vs. Gold: Who Will Win?
Schiff firmly believes that Bitcoin is headed for a major crash, while gold is poised to surge. However, the crypto market has historically defied pessimistic predictions.
In 2024, gold recorded a 27.21% increase, whereas Bitcoin skyrocketed by at least 121.28%.
Will gold truly outperform Bit
coin this year? Only time will tell.
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