“Bitcoin is the opposite of gold,” says economist Peter Schiff, as JPMorgan bets big on BTC’s rise.
His comments come as Bitcoin holds near $100,000, with analysts forecasting it could outperform gold this year.

Peter Schiff Says Bitcoin Is the Opposite of Gold

Renowned economist Peter Schiff has dismissed Bitcoin’s comparison to gold. In a recent X post, he claimed Bitcoin acts more like a risk asset than a safe haven. Schiff argued that BTC’s recent gains came as fears of inflation and recession eased—conditions where gold typically rises.

Bitcoin rallied with other risk assets as investor's recession and inflation fears subsided. Gold sold off for the same reasons. Bitcoin is the opposite of gold.

— Peter Schiff (@PeterSchiff) May 16, 2025

Despite being labeled as “digital gold,” Bitcoin does not follow gold’s behavior, according to Schiff. He said the crypto moves in line with riskier assets, not in opposition to them. Schiff made these remarks while Bitcoin traded near $100,000, even amid ongoing geopolitical tensions between the US and China.

JPMorgan Forecasts Bitcoin Will Outperform Gold

JPMorgan analysts project that Bitcoin may outperform gold in the second half of 2025. In a recent report, the bank cited increased demand from institutions and US states exploring Strategic Bitcoin Reserves. Companies such as Strategy are also increasing their BTC holdings.

“We expect the year-to-date zero-sum game between gold and Bitcoin to extend,” said JPMorgan strategist Nikolaos Panigirtzoglou. “But are biased towards crypto-specific catalysts, creating more upside for Bitcoin over gold.” This view aligns with ongoing accumulation trends and growing mainstream interest.

Bitcoin Price Holds Strong as Analysts Predict $125K Target

Analyst Titan of Crypto noted that Bitcoin’s chart shows an inverse Head and Shoulders pattern. This suggests a bullish breakout could reach $125,000 if key support zones remain intact. He added that the daily Fair Value Gap near $100,000 has seen strong price reactions.

Another analyst, Ali Martinez, reported that $98,732 is a major demand zone. At that level, over 1 million BTC were acquired by 1.19 million wallets. Though whales sold more than 30,000 BTC in 72 hours, companies like Basel Medical Group still plan to acquire $1 billion in BTC for reserves.