Gold and silver surge astonishingly, but Bitcoin faces a dilemma. Peter Schiff points out the underlying mystery.

By the end of 2025, the precious metals market is showing a hot trend. According to the latest data, gold has increased by approximately 60% for the year, while silver has surged by 95%. These figures reflect a market reassessment of traditional safe-haven assets.

In stark contrast, Bitcoin’s performance this year has not been ideal. Despite numerous listed companies, including MSTR, frequently increasing their digital asset holdings since the beginning of the year and sparking a wave of promotional enthusiasm, Bitcoin has still experienced a significant correction within the year. According to the latest data, BTC’s year-to-date price change is -15.90%, showing clear pressure compared to the beginning of the year.

Economist and senior cryptocurrency commentator Peter Schiff pointed out on X platform that this divergence is particularly worth considering. He emphasized that the strong upward movement of gold and silver has not been accompanied by the so-called “corporate buying frenzy” and market hype, but instead has risen against the trend under relatively calm attention. This forms a stark contrast to Bitcoin, which, despite substantial institutional interest, has failed to strengthen.

Schiff predicts that this market divergence may deepen further during December and into 2026. His view suggests that under macroeconomic conditions, the appeal of traditional precious metals may continue to outperform digital assets, prompting a new wave of reflection on asset allocation prospects.