Bitcoin Faces Growing Pressure as Nasdaq Enters Correction Mode

Since the start of 2025, the Nasdaq Composite Index has dropped by 8.21 percent, while the Nasdaq 100 Index has fallen by 6.16 percent.

The Nasdaq Composite Index has decreased in value by 8.21 percent since the beginning of 2025, and the Nasdaq 100 Index has dropped by 6.16 percent. Bitcoin has also seen a decline of 11.25 percent, whereas gold has risen by at least 15.1 percent.

As uncertainty looms over the market, investors are seeking refuge in safe-haven assets. Among them is Peter Schiff, a staunch advocate for gold, who believes this is just the beginning. According to Schiff, if the Nasdaq enters a bear market, Bitcoin could plummet to 65,000 dollars or even as low as 20,000 dollars. At the same time, he predicts gold could soar past 3,800 dollars as investors move away from riskier bets.

Let’s take a closer look.

Over the last 30 days, Bitcoin has fallen by about 14.3 percent, including a 0.5 percent drop in just the last 24 hours.

Bitcoin skeptic Schiff warns that if the Nasdaq drops 20%, Bitcoin could drop to $65,000. He also points out that a deeper stock market crisis could pull the BTC price to a low of $20,000 or even lower.

Schiff sees similarities between today’s market and past financial downturns. Could history repeat itself?

According to Benzinga, in 1929, the stock market crashed after a bull market that saw the market increase by 140 percent over a period of five years. The downturn continued until 1932, leading to a 90 percent decline from the 1929 high.

Later, during the 1987 crash, the market soared by 108 percent over three years, only to decrease by 48 percent in just 18 months.

Schiff further highlights that during the 1971-1972 bear market, the stock market experienced a rise of 100 percent, followed by a 55 percent decrease over two years.

Based on these past trends, Schiff argues that Bitcoin is at risk of following the stock market downward.

At the start of this year, the gold spot price was $2,623.954. Since then, the gold market has registered a rise of no fewer than 15.1%.

Schiff notes that there is an inverse relationship between the US market and the gold market. As the former declines, the latter tends to increase in value.

If the Nasdaq drops to 20%, which would be around 1999 levels, Schiff forecasts that the price of gold could reach as high as $3,800 per ounce.

However, if the market continues to fall and reaches 1982 lows, the price of gold could potentially soar even higher, possibly to 5,000 dollars.

Schiff remains firm in his belief that Bitcoin is not a reliable hedge against stock market instability. If gold keeps rising while Bitcoin struggles, he believes many investors will turn away from Bitcoin in favor of gold.

He also warns that major institutional investors—including governments, ETFs, and companies like Strategy — may start reducing their Bitcoin holdings if its price continues to drop.

In conclusion, Schiff maintains that Bitcoin is headed for a major crash, while gold is poised for surge. While the crypto market has defied pessimistic predictions before, Schiff remains firm in his belief that gold will outperform Bitcoin in the long run.

Notably, in 2024, the gold market recorded a growth of just 27.21%, while the BTC market registered a rise of at least 121.28%.

History favors gold, but Bitcoin has rewritten the rules before. This showdown isn’t ending anytime soon.