Gold has climbed to a record $3,060, up nearly $40 in a single morning, while bitcoin (BTC) price stumbled at $86,975.84, down 1.12% in 24 hours as of March 27, 2025.
Peter Schiff, the outspoken gold advocate and crypto skeptic, sees this as vindication. “Gold is not rising due to uncertainty,” he said on March 27, “but due to a loss of confidence in the dollar and the certainty that inflation will be much higher than 2%.”
Meanwhile, BTC price marks its second straight day of declines since March 25, with a third potentially looming. Schiff’s gloating isn’t new, but the data gives his argument fresh weight.
Gold’s Golden Moment
Schiff’s latest commentary came as gold hit $3,060 on March 27, 2025, a jump of almost $40 from the prior day. He ties the surge to macroeconomic fears—specifically, a weakening dollar and inflation creeping past the Federal Reserve’s 2% target.
Investors await Friday’s release of the personal consumption expenditures index, the Fed’s preferred inflation gauge, which could confirm Schiff’s point.
While gold shines, U.S. stocks and bonds are slipping alongside BTC. Schiff’s take: this isn’t chaos driving gold up—it’s clarity about the dollar’s fate. His words carry the conviction of a man who’s long bet against paper currencies and digital ones alike.
BTC Price Action Bumpy Ride
Bitcoin’s price tells a less rosy story. On March 27, 2025, BTC sat at $86,975.84, down 1.12% in the last 24 hours, per market data.
It’s dropped for two days straight since March 25 and could notch a third if the trend holds. This follows a rebound from a $76,555 low two weeks ago, but the momentum isn’t sticking.
Schiff’s no stranger to bashing BTC. Back on December 16, 2024, Schiff slammed Bitcoin’s volatility. On April 20, 2024, Schiff warned Bitcoin holderspost-halving in. Today, with BTC faltering, Schiff’s critique lands harder.
Not everyone’s sour on BTC. Glassnode data shows bitcoin whales—big investors—have scooped up 129,000 BTC since March 11, 2025.
That’s $11.2 billion at a market price of $87,500, marking the highest accumulation rate since August 2024. The Bitcoin Accumulation Trend Score sits at 0.23, signaling large entities are piling in, not cashing out.
This whale activity, tracked by the blockchain analytics firm, hints at confidence among deep-pocketed players. Yet, BTC’s price isn’t reflecting that optimism, stuck below $87,500 and sliding. Schiff, predictably, isn’t swayed—he’s got eyes only for gold.
Peter Schiff’s Long Game
Schiff’s gold-over-BTC stance isn’t new, but the current market split gives it punch. Gold’s $3,060 peak contrasts sharply with BTC’s $86,414 struggle.
He sees gold’s rise as a rejection of dollar faith, not a flight to safety. BTC price’s 1.12% dip, paired with falling stocks and bonds, fits his narrative of crypto as a shaky bet.
