Thursday, 30 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Economy

Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’

Last updated: October 10, 2025 12:42 pm
Share
Peter Schiff Describes Bitcoin’s Jump Over 6,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
SHARE

Benzinga and Yahoo Finance LLC might earn revenue through some links provided below.

Economist Peter Schiff expressed skepticism regarding the current surge of Bitcoin (CRYPTO: BTC), arguing that it’s premature to celebrate its progress.

In a post on X, Schiff noted that despite Bitcoin establishing a new dollar high of $126,000, it remains approximately 15% lower than its all-time high when measured against gold.

“I still believe it’s too soon for Bitcoin enthusiasts to be thrilled about the rally. Until Bitcoin achieves a new peak in terms of gold, this is merely a bear market rally,” remarked the gold advocate.

Trending: Would you consider investing in a new fund supported by Jeff Bezos that promises a 7-9% target yield with monthly dividends?

Currently, it takes roughly 31.429 ounces of gold to acquire one Bitcoin, compared to an all-time high of 40.05 ounces recorded last December.

Asset

ATH Price in Gold ounces (Recorded on December 17, 2024)

Price in Gold ounces (Recorded at 10:20 p.m. ET)

Gains +/-

Price in USD (Recorded on December 17, 2024)

Price in USD (Recorded at 10:20 p.m. ET)

Bitcoin

40.05

31.429

-21.5%

$106,140.60

$124,413.89

Gold

NA

NA

NA

$2,646.60/Ounce

$3,968.32/Ounce

Over a two-year period, however, the comparison has shifted significantly, with one Bitcoin now costing double the amount of gold it did before.

Asset

Price in Gold ounces (Recorded on October 6, 2023)

Price in Gold ounces (Recorded at 10:20 p.m. ET)

Gains +/-

Price in USD (Recorded on October 6, 2023)

Price in USD (Recorded at 10:20 p.m. ET)

Bitcoin

15.316

31.429

+105.28%

$27,946.60

$124,413.89

Gold

NA

NA

NA

$1,832.03/Ounce

$3,968.32/Ounce

See also  KeyBanc Downgrades Simulations Plus (SLP) Stock to Sector Weight

When questioned about the price Bitcoin should reach to correspond with the movement of gold, Schiff answered, “It’s a fluctuating figure as gold continues to rise. But based on the current gold value, Bitcoin would need to ascend to roughly $148,000 to align with its peak priced in gold.”

See Also: An EA Co-Founder Shapes This VC Backed Marketplace—Now You Can Invest in Gaming’s Next Big Platform

Schiff’s remarks occur during a time of record-setting activity for both gold and Bitcoin, with gold spot prices surpassing $4,000 per ounce and Bitcoin reaching $126,000.

TAGGED:BearBitcoinersBitcoinsDescribesearlyExcitedjumpmarketPéterRallySchiff
Share This Article
Twitter Email Copy Link Print
Previous Article What Could Lady Gaga Possibly Be Doing in ‘The Devil Wears Prada 2’? What Could Lady Gaga Possibly Be Doing in ‘The Devil Wears Prada 2’?
Next Article NYC City Council Candidate Alina Bonsell Explains the Importance of Defeating Socialist Zohran Mamdani | The Gateway Pundit | by Antonio Graceffo NYC City Council Candidate Alina Bonsell Explains the Importance of Defeating Socialist Zohran Mamdani | The Gateway Pundit | by Antonio Graceffo
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Would Cutting the Number of Medicare Employees Save Money?

Why Cutting Medicare Employees Could Increase Government Spending As discussions on reducing the size of…

November 27, 2024

Life expectancy of Native Americans, Alaska Natives adjusted lower

American Indians and Alaska Natives in the United States have a life expectancy that is…

June 18, 2025

‘The Addams Family’ Icon Anjelica Huston Reveals Secret Cancer Battle

Angelica Huston Survives Health Scares and Relationship Struggles The Prizzi's Honor star, Angelica Huston, has…

April 9, 2025

How To Wear The Cloud Bob, Fall’s Breeziest Haircut

The bob haircut remains a timeless favorite, especially as autumn ushers in a cozy season…

September 24, 2025

Beckham Family ‘Being Torn Apart By Secret Feud’

Brooklyn Beckham's bond with his wife Nicola Peltz's family seems to be growing stronger, causing…

May 15, 2025

You Might Also Like

BofA Raises PT on Embraer (ERJ) to  Following Investor Day
Economy

BofA Raises PT on Embraer (ERJ) to $70 Following Investor Day

October 30, 2025
What To Expect From Micron Technology’s Report
Economy

What To Expect From Micron Technology’s Report

October 30, 2025
Alluvial Capital Management’s Views on FitLife Brands (FTLF)
Economy

Alluvial Capital Management’s Views on FitLife Brands (FTLF)

October 30, 2025
Why an interstellar comet has scientists excited : NPR
World News

Why an interstellar comet has scientists excited : NPR

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?