Bitcoin bulls rushed toward $70,000, and ETH reclaimed $2,000 following a 
drastic improvement in investor sentiment, but will the gains hold?

Price predictions 2/25: BTC, ETH, XRP, BNB, SOL, DOGE, BCH, ADA, HYPE, XMR

On Wednesday, global markets experienced a sweeping relief rally, reversing a 
48-hour sell-off triggered by tariff-related fears. Crypto Market Rebound The 
digital asset market staged a dramatic reversal Wednesday, Feb. 25, 2026, 
effectively snapping a bruising downtrend that had dragged Bitcoin below the 
$63,000 support level just 24 hours prior. By 1:40 p.m., the top […]

Bitcoin Snaps Downtrend to Hit $69K as SOTU Relief Sparks Global Market Rally

Peter Schiff has a number. And he wants everyone to see it. The longtime gold 
supporter and Bitcoin critic took to social media this week to argue that when 
Bitcoin&#8217;s price is measured in gold rather than dollars, the flagship 
cryptocurrency has lost more than 66% of its value since hitting its all-time 
high in November 2021. Related Reading: Bullish Signal? Coinbase Bitcoin 
Premium Turns Positive After Months In Red The Math Behind Schiff&#8217;s Claim To 
make his case, Schiff reframed the comparison in a way that sidesteps the 
usual dollar-based charts. Back in November 2021, one Bitcoin could buy 
roughly 34.5 ounces of gold. Today, that same Bitcoin buys just 12 ounces — a 
drop of more than 64% in purchasing power relative to the precious metal. The 
dollar figures tell a similar story, at least from that starting point. 
According to Schiff, a $10,000 investment in Bitcoin at the November 2021 peak 
would be worth around $9,100 today. That same $10,000 put into gold over the 
identical period would have grown to more than $27,000. Gold was trading near 
$1,770 in late 2021 and has since climbed past $5,000 — a gain of roughly 
185%. Bitcoin, by contrast, peaked at $69,000 during that same bull run. It 
has since pulled back sharply from a high of $126,200 reached in October 2025, 
and now sits around $63,000. Bitcoin is now down over 66% when priced in gold 
since its Nov. 2021 peak over four years ago. Putting that into perspective, 
had you invested $10,000 in Bitcoin back then, it would be worth about $9,100 
today. But that same $10,000 invested in gold would be worth over $27,000. — 
Peter Schiff (@PeterSchiff) February 24, 2026 Bitcoin&#8217;s &#8216;Safe Haven&#8217; Story 
Gets Complicated For years, Bitcoin was pitched to investors as a modern 
alternative to gold — scarce, decentralized, and resistant to inflation. The 
idea was simple: fixed supply would protect wealth the same way gold has for 
centuries. But recent market behavior has put that story under strain. When 
economic anxiety rises, many investors have continued to move money into gold 
rather than Bitcoin. Reports note that Bitcoin has, in several instances, 
moved more like a high-risk tech stock than a safe haven asset during periods 
of broader market stress. That pattern has made it harder for Bitcoin to claim 
the same defensive reputation that gold has built over a much longer history. 
CNBC crypto commentator Ran Neuner has also weighed in on the subject, saying 
that the store-of-value case for Bitcoin now faces serious scrutiny. Bitcoin 
supporters, for their part, push back on the framing. They point out that 
November 2021 was Bitcoin&#8217;s peak — about as unfavorable a starting point for 
comparison as one could choose. They also point out that the alpha crypto has 
climbed 320% from its cycle low of $15,000 in November 2023, while gold gained 
150% over that same timeframe. For the first time in 12 years, I’m questioning 
Bitcoin’s thesis. It’s not the drawdown that concerns me; it’s how Bitcoin 
responded when markets genuinely moved into risk and uncertainty.$BTC evolved 
from “peer-to-peer cash” into “digital gold.” We fought for ETF approval.… 
pic.twitter.com/dblggAsanJ — Ran Neuner (@cryptomanran) February 16, 2026 
Cycles, Not Trends, Say Bitcoin Supporters Reports say Bitcoin advocates 
cointend the crypto has always moved through boom-and-bust cycles, with steep 
recoveries typically following major beat-downs. Supply halvings, shifts in 
available liquidity, and swings in investor sentiment have historically been 
the impetus to those rebounds. Related Reading: XRP Fell Nearly 70% — Could 
History Repeat With An 835% Surge? From that view, the current stretch of 
underperformance against gold is seen as a normal part of Bitcoin&#8217;s cycle 
rather than a permanent reversal. Bitcoin completed a full market cycle last 
year, and a period of price correction is consistent with its historical 
behavior. Still, the gap between gold&#8217;s steady climb and Bitcoin&#8217;s volatile 
ride has given critics plenty of material. Schiff, who has maintained his 
skepticism of Bitcoin for well over a decade, shows no sign of changing his 
position anytime soon. Featured image from Unchained Podcast, chart from 
TradingView

Peter Schiff Says Bitcoin Has Never Beaten Gold Since 2021

The Bitcoin miner&#8217;s digital asset losses mounted, even as it advanced a 
15-year, $7 billion AI data center lease.

Hut 8 swings to Q4 loss; compute revenue contribution increases

Iran threatens retaliation against US forces and the Strait of Hormuz as 
Washington deploys its largest regional buildup since 2003.
The post Iran warns of ferocious response to any US military action appeared 
first on Crypto Briefing.

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