Gold’s Parabolic Surge ‘Very Unusual,’ Says Popular Crypto Trader: Peter Schiff Says Precious Metal Could Hit $20,000
Posted On October 2, 2025
Cryptocurrency analyst Michaël van de Poppe predicted Wednesday that gold could face a “significant” correction, even as the precious metal continues its bullish rally.
Not The Best Time To Buy Gold?
Van de Poppe took to X to share his thoughts on the ongoing surge in gold prices, finding the 47% year-to-date increase “very unusual.”
“It’s up 47% for the year, while the average is between 6-8% on a yearly basis,” the analyst highlighted. “Very unusual occasion and I think that we’re going to see a significant correction.”
However, he did not specify a timeline for when the retracement could occur.
Van De Poppe added that gold’s chart looked bullish, but it’s not the “best time” to buy into the asset.
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