To Rival Gold’s Bull Run, Bitcoin Must Reach $148,000, Says Peter Schiff

Jimmy Aki
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On October 7, gold advocate Peter Schiff downplayed the recent Bitcoin (BTC) rally, which saw the crypto asset rise to a new record high of $126,198.

He argued that Bitcoin would need to rise to about $148,000 to match gold’s recent all-time high of $4,000.

Schiff Dismisses BTC Trajectory as “Bear Market Rally”

Schiff, who is widely known as a Bitcoin critic, argued in an X post that despite Bitcoin’s recent growth, the rally is nothing more than a bear market bounce.

Schiff explained that, in gold terms, Bitcoin remains about 15% below its record high.

His reasoning is simple. As gold prices continue to climb, Bitcoin’s benchmark for an all-time high in gold terms continues to rise as well. In his view, there is no reason for investors to get too excited just yet.

However, Schiff’s remarks have elicited comments from the crypto community.

A Bitcoin enthusiast reminded Schiff that since he first labeled Bitcoin a scam, the digital asset has gained over $120,000 in value.

Recall that Michael Saylor, whose company Strategy now holds 640,031 BTC, had recently projected that BTC could one day be worth ten times the value of gold.

He argued that gold is weighed down by storage costs, trade restrictions, and physical barriers. Bitcoin exempts those limits as it operates freely, across borders. The asset can also be programmed for use in ways gold never could.

https://twitter.com/saylor/status/1970596121878950177

The rivalry between Bitcoin and gold is similar to the clash of old wealth and new wealth. For many, it’s also a battle that could last for generations.

So far in 2025, gold has outperformed Bitcoin in total market value, now standing as a $27 trillion asset class. Nevertheless, both still gather a large chunk of global investment.

Ecoinometrics data shows that it leads in total growth, while gold maintains stronger risk-adjusted returns. This serves as a reminder that both assets hold unique strengths in volatile markets.

Nonetheless, in a world of rising debt and shaky markets, investors are searching for stability in either bars of gold or blocks of code.

In July, billionaire hedge fund founder Ray Dalio suggested a balanced approach. He urged investors to hold about 15% of their portfolios in gold and Bitcoin combined. According to him, that mix offers the best risk-to-return ratio, especially as the U.S. faces mounting fiscal pressure.

Bitcoin’s 2025 Outlook Offers Clues About What’s Ahead in 2026

Many analysts expect 2026 to be another turning point for Bitcoin and the broader crypto market.

Last month, Jack Mallers, co-founder and CEO of Twenty One Capital, predicted that Bitcoin could rise as much as 200-fold in the coming years.

He described the asset as still being in its early growth phase, with room to expand into the global store-of-value market, one estimated between $400 and $500 trillion.

Starknet launch of Bitcoin staking service adds to the momentum. The feature allows users to stake wrapped versions of Bitcoin to earn rewards while holding the asset.

It’s a move that adds a new utility to what has long been viewed as a passive investment.

These events have made industry watchers believe the coming year could mark a major shift for Bitcoin and other digital assets. They predict a time when these assets may redefine how value is stored, transferred, and measured around the world.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.