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    Home»Bitcoin»Bitcoin Vs. Gold: Schiff Predicts A Catastrophic 85% BTC Drop—Particulars
    Bitcoin Vs. Gold: Schiff Predicts A Catastrophic 85% BTC Drop—Particulars
    Bitcoin

    Bitcoin Vs. Gold: Schiff Predicts A Catastrophic 85% BTC Drop—Particulars

    By Crypto EditorMarch 19, 2025No Comments4 Mins Read
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    Bitcoin Vs. Gold: Schiff Predicts A Catastrophic 85% BTC Drop—Particulars

    Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure

    A well known American economist urged a relationship between gold, NASDAQ and Bitcoin, saying {that a} decline in NASDAQ often results in a lower in Bitcoin. 

    Peter Schiff defined in a publish the correlation between the state of Bitcoin and the market scenario of NASDAQ, including that there’s a destructive relationship between gold and NASDAQ.

    NASDAQ-Bitcoin Connection

    Schiff, a famend Bitcoin skeptic, informed his followers on X that the bearish situation of the monetary market may affect the worth motion of the flagship crypto, saying that if NASDAQ goes down, Bitcoin follows.

    The economist stated that at the moment, NASDAQ is down 12%, and will have an effect on Bitcoin. “If this correction seems to be a bear market, and the correlation the place a 12% decline within the NASDAQ equates to a 24% decline in Bitcoin holds, when the NASDAQ is down 20%, Bitcoin will likely be about $65K,” he added.

    The NASDAQ is down 12%. If this correction seems to be a bear market, and the correlation the place a 12% decline within the NASDAQ equates to a 24% decline in Bitcoin holds, when the NASDAQ is down 20%, Bitcoin will likely be about $65K.

    But when the NASDAQ goes right into a bear market, historical past…

    — Peter Schiff (@PeterSchiff) March 16, 2025

    Nonetheless, Schiff argued that when NASDAQ entered a bear market, the decline could be a lot bigger, citing what occurred prior to now.

    He defined that after the bursting of the Dot-com bubble, NASDAQ plummeted by almost 80% whereas in the course of the 2008 world monetary disaster, it dropped by 55%, and, lately, in the course of the pandemic crash in 2020, NASDAQ went down by round 30%.

    “The typical of these three bear markets is a 55% decline. If this bear market bottoms with only a 40% decline, that may put Bitcoin at about $20K. Nonetheless, my guess could be {that a} drop of that magnitude would speed up Bitcoin’s collapse to a lot decrease ranges,” he added.

    Yellow Steel Continues To Shine

    Schiff may need a bearish outlook on Bitcoin however supplied a extra optimistic view on gold, saying there’s a destructive relationship between NASDAQ and gold. 

    He stated that for the reason that NASDAQ peaked on December 16, 2023, gold has elevated by 13%, which is an virtually excellent 1-to-1 correlation.

    Bitcoin is now buying and selling at $82,433. Chart: TradingView

    “If that correlation holds too, a 40% drop within the NASDAQ would put gold over $3,800. Nonetheless, my guess is that if a bear market in shares coincides with a major decline within the greenback on international change markets, gold will rise a lot larger,” he defined in a publish.

    Gold-Bitcoin Comparability

    Schiff stated that even when gold have been at $3,800 gold and Bitcoin was at $20,000, by way of gold, the firstborn crypto would lower by 85%, including that it could extra probably finish the comparability that Bitcoin is a retailer of worth much like gold.

    “There’ll clearly be no justification for the US authorities or any state authorities to maintain any Bitcoin in a Strategic Reserve. There may even be no motive for ETF buyers to maintain holding their positions both. With all that promoting, will probably be unimaginable for $MSTR to promote sufficient Bitcoin to keep away from chapter,” he stated.

    As of writing, Bitcoin is traded at $82,433 with a market cap of over $1.6 trillion.

    Featured picture from Pexels, chart from TradingView

    Bitcoin Vs. Gold: Schiff Predicts A Catastrophic 85% BTC Drop—Particulars

    Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our group of prime expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.





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