Bitcoin Price Crash: Will BTC Plummet to $10K If Gold Surpasses $5K?

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Bitcoin appears bearish right now. Since the start of 2025, Bitcoin’s price has declined by over 10.50%. The current BTC price is $83,706.02. It seems that the Bitcoin market follows the general trend of the US stock market. During this period, the S&P 500 index has dropped by at least 5.44%. However, it looks like gold follows a different trend.

Since the start of the year, the gold market has increased by no fewer than 17.56%. Currently, the gold price sits at $3,085.345. Interestingly, renowned gold advocate Peter Schiff predicts that if the gold price surpasses the $5K level, the BTC market could plummet to as low as $10K.   

Bitcoin vs. Gold: Schiff’s Argument for a Crypto Crash 

Schiff, known for his scepticism towards Bitcoin, warns that if the gold price crosses the $5K level, the BTC price could drop as low as $10K. Expressing concerns about the long-term viability of the BTC market, he argues that Bitcoin lacks solid fundamentals. 

Meanwhile, Schiff acknowledges that the Bitcoin market has managed to gain the trust of a segment of young investors.

Bitcoin Losing Value Against Gold – What the Data Says?

At the start of this year, one ounce of gold was equivalent to 0.02771 BTC. Since then, it has surged by over 32.80%. Currently, one ounce of gold costs at least 0.03680 BTC. At one point on March 11, 2025, it reached a peak of 0.03763 BTC. Just yesterday, it grew by over 5.47%.

This indicates that the value of Bitcoin has experienced a significant decline of nearly 33% against gold since the beginning of 2025.  

Notably, in December 2021, 1 BTC was worth 41 ounces of gold, but now it’s only 27.4 ounces. 

Other Analysts Weigh In: Is Bitcoin’s Bull Run Over? 

Importantly, certain experts strongly support Schiff’s pessimistic view of the Bitcoin market.  

Acclaimed trader Peter Brandt and popular crypto analyst Michael vande Poppe are among those who share this view. 

Highlighting that a bear wedge pattern has formed in the BTC daily price chart, Brandt opines that the Bitcoin price could drop to nearly $65,635. 

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Emphasising the significance of the $84K level in the current BTC market scenario, van de Poppe predicts that if the price drops below the $84,000 level, strong bearish momentum could be triggered in the market.     

Can Bitcoin Recover? Optimistic Views from Market Experts 

Interestingly, ByteTree founder Charlies Morris’ optimistic view of BTC’s future offers a small ray of hope for the market even in this low moment. Morris states that BTC has already hit its lowest point. This indicates that he believes the market is less likely to drop further. 

Rich Dad Poor Dad author Robert Kiyoski notes that he is confident about the potential of gold as a hedge against inflation. Meanwhile, he suggests that silver may outperform both gold and BTC in the near future.