On Saturday, Bitcoin experienced a decline, nearing the $63,000 mark as investors moved away from riskier investments due to ongoing concerns about inflation and disruptions caused by artificial intelligence. The cryptocurrency dropped to a low of $63,019 and saw a decrease of 2.78% over the past 24 hours, trading at $64,044.
Peter Schiff, a long-time critic of cryptocurrencies and an advocate for gold investment, seized the opportunity to criticize Bitcoin enthusiasts amid this price drop.
In his tweet, Schiff pointed out that while Bitcoin’s value was declining, both gold and silver were on the rise. He noted that gold increased by $94 to reach an all-time high close of $5,278 for both weekly and monthly figures. Silver also rose by $5.50 to finish at its highest monthly close ever at $93.66.
Gold closed up by $94 today at $5,278—its highest weekly and monthly close ever recorded. Silver rose by $5.50 closing at an unprecedented monthly high of $93.66 as well. So far in 2026 alone, gold has risen by 21.5%, while silver is up 30%. In stark contrast is Bitcoin which has seen a decline of 27%. This trend will likely persist throughout the year.
— Peter Schiff (@PeterSchiff) February 27，2026
Schiff highlighted that in terms of price increases for precious metals in early 2026—gold rose by 21.5% while silver climbed up by an impressive 30%. In comparison with these gains was Bitcoin’s downturn of nearly 27%, leading him to predict that this disparity between cryptocurrencies and precious metals would continue throughout the year.
The Divergence Between Gold and Bitcoin: Insights from Analysts
Jurrien Timmer from Fidelity expressed his belief that Bitcoin functions as an aspirational junior player within the realm of hard assets led primarily by gold.
“Gold has historically been—and I believe will always remain—the quarterback on this team; meanwhile Bitcoins along with silver serve more as secondary options,” Timmer explained further emphasizing how they may alternate in leading market fluctuations.” He suggested monitoring the ratio between gold and bitcoin as it could serve as a significant indicator when determining where bitcoin might stabilize moving forward; particularly noting how critical support lies around the pivotal level near $60k based on historical patterns observed previously alongside power law curves.”
Timmer remarked that although he considers current prices “cheap” regarding silver compared against them being “expensive” when viewed through lenses focused upon their relationship with bitcoin; indicating present levels aren’t quite reaching extremes typically witnessed during prior turning points but are edging closer nonetheless.”
The Z-score comparing Gold against BTC has historically indicated peaks or troughs via divergences observed over time frames examined thus far yet currently lacks any evident divergence signals nor do indicators show signs reflective upon previous lows encountered earlier suggesting additional consolidation around ranges spanning between sixty thousand dollars ($60K) through seventy thousand dollars ($70K) may be necessary before establishing sustainable bottoms take place.”
Crypto analyst Michael Van de Poppe recently shared his market outlook via Twitter stating: “I anticipate we’ll witness commodity peaks shortly followed thereafter rotations towards equities & crypto starting next week onward.”