Bitcoin’s recent climb above $114,000 following a weekend dip is being dismissed by Peter Schiff as nothing more than a temporary recovery. He emphasizes that in terms of gold, Bitcoin has decreased by 25% since its peak in August. Meanwhile, the only assets reaching new heights are the “boring” ones he has championed for years: gold and silver.
This morning saw gold surpass $4,080 and silver reach $51.60, both achieving new records while cryptocurrency traders continue to recover from a significant liquidation event that reduced Bitcoin’s value from $122,000 to $100,600 within hours.
Gold and silver have extended their gains from last night to hit unprecedented levels today. Gold climbed past $4,080; while silver exceeded $51.60. Although Bitcoin experienced a minor rebound, it remains 25% lower compared to its August peak when measured against gold values.
— Peter Schiff (@PeterSchiff) October 13, 2025
Schiff describes this situation as “a bubble masquerading as digital gold,” asserting that the blockchain narrative has exhausted itself and those holding onto hope during this bounce are deluding themselves.
Bitcoin Price Forecast
The current chart supports his viewpoint with a sharp decline followed by an insubstantial recovery still leaving it $7,500 below last week’s position. ETF inflows have paused, whales are selling into weakness and options markets now view $ 113‚ 000-115‚ 000 merely as consolidation territory.
Conversely metals continue attracting investment with gold gaining nearly 10% over the past month and silver increasing over 12%. These figures allow Schiff to argue convincingly in crypto discussions that stability is where substantial profits lie.
Selling Bitcoin during any uptick without mistaking volatility for true value aligns with Schiff’s longstanding message—investing in something stable does not require market bounces for validation.