Peter Schiff Warns Bitcoin Price May Face Prolonged Decline

Bitcoin price discussions are once again heating up after outspoken gold advocate and longtime crypto critic Peter Schiff issued a fresh warning, claiming BTC may never recover from its current slump. Schiff argues that Bitcoin’s underperformance compared to gold and silver, both of which recently surged to record highs, exposes what he sees as the fundamental weakness of the cryptocurrency market.

According to Schiff, Bitcoin’s failure to rally during periods when tech stocks, gold, and silver are all performing well signals a troubling outlook for BTC investors. In a recent post on X, he questioned when Bitcoin would ever rise if it cannot gain momentum alongside other major asset classes. Schiff bluntly concluded that Bitcoin’s upside potential is exhausted, asserting that the so-called “Bitcoin trade” is effectively over and that any further movement is likely to be downward rather than upward.

The economist attributes the current Bitcoin price downturn to what he describes as the asset’s lack of intrinsic value. He has repeatedly dismissed the “digital gold” narrative, arguing that Bitcoin has failed to function as a reliable hedge during times when precious metals are gaining strength. In his view, Bitcoin does not decouple from risk assets in a meaningful way, as it tends to rise less during bullish periods and fall harder during market corrections.

Schiff has also warned that the next four years could be significantly worse for Bitcoin when measured against gold. He recently stated that while BTC’s performance priced in gold has already been disappointing over the past four years, the coming years could see even deeper losses. He emphasized that even if gold continues to rally, there is no logical reason to expect Bitcoin to follow the same trajectory.

Adding to the bearish sentiment, other market veterans have echoed similar concerns. Well-known trader Peter Brandt recently suggested that Bitcoin could face a substantial correction, potentially declining as much as 80% based on historical market cycles and past parabolic advances. Together, these warnings have intensified debate around Bitcoin’s future, leaving investors divided over whether the current weakness signals a temporary phase or a more prolonged downturn for the cryptocurrency market.