The ongoing debate between gold and Bitcoin continues to draw comparisons, with influential figures like Peter Schiff and Samson Mow presenting opposing views. Schiff, a long-time advocate for gold, recently criticized Bitcoin’s performance, particularly its decline when priced in gold. His comments follow Bitcoin’s decline compared to the precious metal, which has raised questions about Bitcoin’s ability to serve as a store of value.
Peter Schiff pointed out that BTC has dropped 32% against gold since its August peak, asserting that gold is now “eating Bitcoin’s lunch.”
In his previous commentary, Schiff referred to this period as a “de-bitcoinization” phase, suggesting that investors are beginning to lose confidence in Bitcoin’s long-term potential. Schiff anticipates that the current bear market for Bitcoin will be harsh. As a result, he strongly advised Bitcoin holders to sell their “fool’s gold” and shift their investments into gold, which he believes remains the actual store of value.
Gold is eating Bitcoin's lunch. Bitcoin is now down 32% priced in gold since its August high. This Bitcoin bear market will be brutal. HODLers, sell your fool's gold now and buy the real thing, or have fun going broke.
— Peter Schiff (@PeterSchiff) October 16, 2025
Schiff reiterated his belief that Bitcoin’s volatility and lack of intrinsic value make it unsuitable for cautious investors seeking stability. He also made headlines with a bold prediction, stating that gold is more likely to reach $1 million per ounce than Bitcoin, emphasizing gold’s historical role as a reliable hedge against economic instability.
Gold vs. Bitcoin Performance
Gold has shown strong performance in 2025, with a year-to-date (YTD) increase of 65.16%. The precious yellow metal has recorded gains amid growing economic uncertainties, driven by factors such as U.S.-China trade tensions and expectations of Federal Reserve interest rate cuts.
Over the past six months, gold has risen by 29.47%, with a 17.45% increase in the last month alone. These trends show gold’s resilience, positioning it as a stable asset, especially for investors seeking security during periods of financial instability.
Despite recent market volatility that dragged BTC down from around $120,000 to $105,000 over the past week, the cryptocurrency still maintains a modest year-to-date gain of 12.43%. Bitcoin’s performance over the past six months reflects a 23.36% increase, while it has risen by 55.23% over the past year.
Over the past five years, Bitcoin has surged by 826.11%, underscoring its strength as a growth-focused asset. In contrast, gold has gained 126.2% over the same period, significantly trailing Bitcoin’s performance.
Samson Mow Says Bitcoin Will Surpass Gold’s Rally
Although Bitcoin has experienced short-term corrections, including a 10.18% drop in the past month, analysts like Samson Mow remain positive about its future.
Mow, a staunch Bitcoin advocate and CEO of JAN3, believes that Bitcoin’s next price surge will far surpass gold’s recent rally. Mow view Bitcoin as an effective hedge against economic uncertainty, citing its fixed supply and increasing institutional adoption.
The JAN3 CEO remains steadfastly bullish on Bitcoin, reiterating his prediction that BTC could hit an all-time high of $1 million by December 2025. However, Peter Schiff has scoffed at this outlook, asserting that gold is far more likely to reach $1 million before Bitcoin ever does.
The CoinRemark Team
Brenda Kanana
