Bitcoin’s struggle in 2025 has been hard to ignore. Since the beginning of the year, Bitcoin’s price has dropped by over 10.5%, currently trading at $83,706.02. This decline is happening as the US stock market also faces a downturn, with the S&P 500 dropping by 5.44%. But what’s especially worrying for Bitcoin investors is the rise of gold, which has surged by 17.56%, reaching $3,085.345. This impressive rally in gold is raising concerns about Bitcoin’s future, with some analysts, including well-known gold advocate Peter Schiff, predicting a significant crash for the cryptocurrency.

Bitcoin vs. Gold: The Growing Divide

For decades, Bitcoin has been seen as a digital store of value, often compared to gold. However, as Bitcoin’s price struggles in 2025, gold has been flourishing, prompting many to question whether Bitcoin is losing its edge against traditional assets. Peter Schiff, a long-time critic of Bitcoin, has been vocal about his belief that Bitcoin could experience a major crash if gold continues to rise. Schiff argues that while Bitcoin is driven largely by speculation, gold’s value has remained solid for centuries as a trusted store of value.

Schiff’s skepticism is based on the belief that Bitcoin lacks inherent value, and its reliance on speculation makes it a volatile asset. While he acknowledges Bitcoin’s growing popularity among younger investors who view it as a digital alternative to gold, he remains unconvinced about its long-term viability.

Bitcoin Losing Value Against Gold

One of the most striking developments is the shift in the value of Bitcoin compared to gold. At the beginning of 2025, one ounce of gold was worth 0.02771 BTC. Since then, gold’s value against Bitcoin has risen by more than 32.8%. Currently, one ounce of gold costs at least 0.03680 BTC, with a peak of 0.03763 BTC reached on March 11, 2025. This trend indicates that Bitcoin has lost nearly a third of its value compared to gold since January.

For context, in December 2021, one Bitcoin was worth 41 ounces of gold. Today, that number has dropped to just 27.4 ounces. This dramatic shift is fueling concerns about Bitcoin’s ability to maintain its value as an alternative to traditional assets like gold.

Bitcoin’s Bearish Indicators

Several analysts share Peter Schiff’s concerns about Bitcoin’s future. Veteran trader Peter Brandt has pointed to a bearish wedge pattern in Bitcoin’s price chart, suggesting that the cryptocurrency could fall to $65,635. Crypto analyst Michael van de Poppe is also cautious, noting that $84,000 is a critical support level. If Bitcoin falls below this level, van de Poppe warns that it could trigger significant bearish momentum, leading to further losses.

With Bitcoin’s value currently struggling against both the stock market and gold, many analysts fear that it could soon face a major correction. The question on many investors’ minds is whether Bitcoin’s bull run is over.

Can Bitcoin Recover? Some Experts Are Hopeful

Despite the pessimism, not all analysts are predicting a Bitcoin crash. Some believe that Bitcoin has already hit its lowest point and that further declines are unlikely. ByteTree founder Charlie Morris is one of the more optimistic voices, suggesting that Bitcoin has bottomed out and is now in a position for a potential recovery.

Meanwhile, financial author Robert Kiyosaki, known for his bullish stance on gold as a hedge against inflation, remains confident in the precious metal’s future. However, Kiyosaki also believes that silver could outperform both gold and Bitcoin in the near future, adding further uncertainty to Bitcoin’s outlook.

Conclusion: Bitcoin Faces Uncertainty

Bitcoin’s decline in value, particularly against the backdrop of gold’s impressive rally, is raising red flags for investors. With key support levels being tested and analysts predicting further drops, the question of whether Bitcoin can recover or face a significant crash to $10,000 remains uncertain. As the battle between traditional assets like gold and newer digital assets like Bitcoin continues, only time will tell which one will emerge victorious in the fight for investor confidence.