{"id":75224,"date":"2026-07-10T15:56:47","date_gmt":"2026-07-10T15:56:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-gold-correlation-was-never-real-and-its-nasdaq-link-just-broke\/"},"modified":"2026-07-10T15:56:47","modified_gmt":"2026-07-10T15:56:47","slug":"bitcoins-gold-correlation-was-never-real-and-its-nasdaq-link-just-broke","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-gold-correlation-was-never-real-and-its-nasdaq-link-just-broke\/","title":{"rendered":"Bitcoin&#8217;s Gold Correlation Was Never Real, and Its Nasdaq Link Just Broke"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Peter Schiff said bitcoin\u2019s gold correlation was never real as BTC trades above $64,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Schiff has cited gold up 9% and the Nasdaq up 13% this year while bitcoin declines against both.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Schiff warns of a bitcoin \u2018slow death\u2019; bulls counter the drawdown is a bear phase, not a verdict.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Schiff Continues With His Anti-Bitcoin Narrative<\/h2>\n<p>The latest salvo was highlighted on X by numerous analysts, summarizing Schiff\u2019s argument that <span>bitcoin<\/span> cannot claim to be digital <span>gold<\/span> if it never traded like <span>gold<\/span> in the first place. The Euro Pacific Asset Management chief economist has spent months building the case.<\/p>\n<figure id=\"attachment_829990\" aria-describedby=\"caption-attachment-829990\" style=\"width:1334px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-829990\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>His core exhibit has been performance comparisons, as in <a href=\"https:\/\/x.com\/PeterSchiff\/status\/2052860512371667349\" target=\"_blank\" rel=\"noopener noreferrer\">an earlier post<\/a>, Schiff highlighted:<\/p>\n<blockquote>\n<p>\u201cSo far in 2026, <span>gold<\/span> is up 9%, silver is up 11%, the NASDAQ is up 13%, the Russell 2,000 is up 14%, while <span>Bitcoin<\/span> is down 11%. Congratulations, Bitcoiners. <span>Bitcoin<\/span> is finally the uncorrelated asset you\u2019ve hoped it would be. Even when risk-on &amp; risk-off assets rise, <span>Bitcoin<\/span> falls.\u201d<\/p>\n<\/blockquote>\n<h2>Why Schiff Says the Gold Link Was an Illusion<\/h2>\n<p>Schiff\u2019s reasoning runs in two steps. Firstly, <span>bitcoin<\/span> did not rise alongside <span>gold<\/span> during the metal\u2019s powerful 2025 rally, which he says is when a genuine safe-haven correlation would have shown itself. Second, <span>bitcoin<\/span> is falling now (at times alongside <span>gold<\/span>, at times alone), which he reads as proof that the asset never shared <span>gold<\/span>\u2019s monetary character.<\/p>\n<p>The second half of his argument targets the other correlation <span>bitcoin<\/span> bulls once cited. For years, <span>bitcoin<\/span> traded as a high-beta cousin of technology stocks, rising and falling with the Nasdaq. That link, Schiff observed, has now broken down given that the Nasdaq has advanced double digits while <span>bitcoin<\/span> has dropped.<\/p>\n<p>Schiff\u2019s bearishness is not new, as he <a href=\"https:\/\/news.bitcoin.com\/peter-schiff-warns-of-staggering-crypto-losses-with-imminent-bitcoin-and-ether-crash\/\">warned last October<\/a> of staggering <span>crypto<\/span> losses from an imminent <span>bitcoin<\/span> and ether crash, and later claimed <span>bitcoin<\/span> could <a href=\"https:\/\/news.bitcoin.com\/peter-schiff-claims-bitcoin-could-sink-to-75k-says-ethereum-looks-even-worse\/\">sink to $75K,<\/a> a level the market has since undercut, with <span>BTC<\/span> changing hands around $64,000 earlier today.<\/p>\n<h2>What the Bulls Say Back<\/h2>\n<p>Strategy Executive Chairman Michael Saylor argues the current phase is institutional construction, with balance sheets rather than retail cycles set to drive the next leg of adoption. Onchain analysts, meanwhile, describe a <span>bear market<\/span> with a defined arc rather than a terminal decline. Cryptoquant founder Ki Young Ju, for example, has projected the downturn could run <a href=\"https:\/\/news.bitcoin.com\/cryptoquant-ki-young-ju-bitcoin-bear-market-2027\/\">into early 2027<\/a> before conditions reset.<\/p>\n<p>That said, if <span>gold<\/span> keeps rallying and <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> keeps sliding through the second half of this year, Schiff\u2019s case that the digital <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a> narrative was marketing rather than math will harden. On the other hand, a resynchronization with either <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a> or equities would suggest the correlations were dormant rather than dead. Either way, Schiff has made clear he is not waiting around to find out and his advice remains the same as ever, i.e. buy <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a>.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/peter-schiff-bitcoins-gold-correlation-was-never-real-and-its-nasdaq-link-just-broke\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Peter Schiff said bitcoin\u2019s gold correlation was never real as BTC trades above $64,000. Schiff has cited gold up 9% and the Nasdaq up 13% this year while bitcoin declines against both. Schiff warns of a bitcoin \u2018slow death\u2019; bulls counter the drawdown is a bear [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75224"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75224"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75225"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}