Peter Schiff: Bitcoin’s Gold Correlation Was Never Real, and Its Nasdaq Link Just Broke

Jul 10, 2026

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Economist and longtime bitcoin critic Peter Schiff argued this week that BTC’s supposed correlation with gold “was never real,” while its historically tight relationship with the Nasdaq has now broken down.

Key Takeaways

Peter Schiff said bitcoin’s 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 ‘slow death’; bulls counter the drawdown is a bear phase, not a verdict.

Schiff Continues With His Anti-Bitcoin Narrative Image source: X Why Schiff Says the Gold Link Was an Illusion

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