{"id":51657,"date":"2025-10-08T08:46:50","date_gmt":"2025-10-08T08:46:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51657"},"modified":"2025-10-08T08:46:50","modified_gmt":"2025-10-08T08:46:50","slug":"peter-schiff-predicts-bitcoin-crash-as-gold-hits-record-high","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51657","title":{"rendered":"Peter Schiff Predicts Bitcoin Crash as Gold Hits Record High"},"content":{"rendered":"
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Peter Schiff, a long-time critic of Bitcoin (BTC) and advocate for gold, has predicted that the cryptocurrency will crash.<\/p>\n

This comes as the precious metal achieves new highs, with its price soaring past the $4,000 mark.<\/p>\n

Schiff Says Gold Could Rug BTC<\/h2>\n

The economist said<\/a> on X that Wall Street\u2019s enthusiasm for crypto had climbed to unsustainable levels. He suggested that with sentiment becoming excessively bullish, digital assets might find it hard to push higher.<\/p>\n

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\u201cIt\u2019s very likely that Bitcoin and everything crypto are about to be rugged by gold,\u201d read the post.<\/p>\n<\/blockquote>\n

He added that as the metal tops $4,000, it\u2019s likely that BTC will sell off, taking the rest of crypto with it.<\/p>\n

The warning comes as Bitcoin\u2019s price fell to around $121,600 on October 8, marking a decline of more than 3% from its recent all-time high above $126,000 reached<\/a> at the start of the week. Schiff maintains that the leading cryptocurrency\u2019s current surge is merely a \u201cbear market rally,\u201d asserting that it won\u2019t escape that label until it reaches a new record when measured against gold. So far this year, the traditional safe-haven asset has outperformed its digital counterpart by nearly 17%.<\/p>\n

The Bitcoin critic has previously claimed<\/a> that the cryptocurrency is \u201cnot living up to its hype\u201d as digital gold. He explained that this is because it has fallen 20% against the metal since its August peak, a drop he said puts it in bear market territory.<\/p>\n

Crypto Community Pushes Back Against Remarks<\/h2>\n

However, the X crypto community is not in agreement with Schiff\u2019s latest remarks. Tech entrepreneur Brian Shuster challenged<\/a> Schiff\u2019s argument, asking if it was \u201copposite day.\u201d He suggested that it was actually gold, not crypto, that could be outperformed, questioning how Wall Street could be so bullish on the former when the latter\u2019s smaller market cap gives it far more room to grow.<\/p>\n

The gold advocate countered that only a small percentage of investors are buying it, adding that Bitcoin and other crypto investments remain far more common.<\/p>\n

Elsewhere, Schiff predicted that the metal\u2019s price would skyrocket to $100,000 per ounce in the future. In an interview with The Lead-Lag Report, he stated, \u201cIf gold can go from $20 an ounce to $2,600 an ounce, it can go from $2,600 to $26,000, or to $100,000.\u201d The economist further explained that this forecast is based on historical price movements and the declining value of the U.S. dollar.<\/p>\n

The post Peter Schiff Predicts Bitcoin Crash as Gold Hits Record High<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Peter Schiff, a long-time critic of Bitcoin (BTC) and advocate for gold, has predicted that the cryptocurrency will crash. This comes as the precious metal achieves new highs, with its price soaring past the $4,000 mark. Schiff Says Gold Could Rug BTC The economist said on X that Wall Street\u2019s enthusiasm for crypto had climbed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-51657","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51657"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51657\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}