Bitcoin Price Will Never Rise, Warns Peter Schiff

Gold advocate and long-time crypto critic Peter Schiff has once again issued a stark warning on Bitcoin, claiming that BTC “will never rise again” from its current slump. According to Schiff, Bitcoin’s failure to rally alongside soaring gold and silver prices highlights what he sees as the cryptocurrency’s fundamental weakness.

In a post on X, Schiff argued that Bitcoin no longer responds positively to bullish conditions in either tech stocks or precious metals. He stated that if BTC cannot rise when traditional risk assets or safe havens rally, there is little reason to expect any meaningful upside ahead. Schiff went further, suggesting that Bitcoin’s so-called “digital gold” narrative has already failed and that the market is now stuck in a prolonged downtrend.

Schiff also warned that the next four years could be even worse for Bitcoin when measured against gold. He believes BTC has not truly decoupled from risk assets, noting that it tends to underperform during rallies while falling harder during market corrections. In his view, this asymmetry undermines Bitcoin’s long-term value proposition.

Adding weight to the bearish outlook, veteran trader Peter Brandt has also cautioned about a sustained Bitcoin decline. Brandt recently pointed to historical market cycles, suggesting $BTC could face a drawdown of up to 80% in the current cycle, similar to previous post-parabolic phases.

While Schiff’s comments are not new, they have reignited debate across the crypto market, especially as precious metals continue to hit record highs. Whether Bitcoin can defy these bearish calls remains a key question for investors watching the next phase of the market cycle.