Peter Schiff has renewed his critique of Bitcoin as Tom Lee of Fundstrat pushes a headline-grabbing $200,000 value goal for the cryptocurrency.
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In keeping with reviews, Lee says the market’s latest weak point is tied to the Federal Reserve’s reluctance to chop rates of interest, whereas Schiff factors to gold’s latest rally as a warning signal for Bitcoin.
Schiff Factors To Gold’s Rally
In an X put up, the gold bug Schiff highlighted that the yellow metallic rose 10% over the past two months and reached a brand new excessive of $3,620.
“Markets are forward-looking. That’s why gold is up 10% prematurely of coming fee cuts,” he mentioned, arguing that gold’s transfer exhibits merchants count on simpler coverage forward.
Bitcoin, he added, has not adopted gold’s lead, and that hole worries him.
Permabull @fundstrat forecast Bitcoin will hit $200K by year-end, as Bitcoin is delicate to Fed fee cuts. He mentioned the Fed’s two-month pause is why Bitcoin hasn’t rallied over that point interval. However gold rallied 10% throughout these two months, hitting a file $3,620 as he spoke.
— Peter Schiff (@PeterSchiff) September 8, 2025
Lee’s $200,000 Name And His Clarification
Tom Lee stays optimistic. He has argued that the inflow of institutional buyers offers Bitcoin new “counter-cyclical traits,” and that larger gamers may push costs a lot greater over time.
Based mostly on reviews, Lee blames the latest underperformance on the Fed and retains the $200,000 determine in public view. His stance continues to make him certainly one of Wall Road’s best-known permabulls – individuals who keep a perpetually optimistic outlook.
Market Odds And Merchants’ View
Polymarket customers seem unconvinced by Lee’s timetable. At press time, markets present an 8% likelihood of Bitcoin reaching $200k this 12 months.
The identical markets place roughly an 8% likelihood on Bitcoin dropping beneath $70,000 by the top of 2025. These odds counsel bettors are break up and that headline targets are being handled with skepticism.
Supply: Polymarket
A Broader Efficiency Test
Schiff has additionally pointed to longer-term measurements. He famous that Bitcoin is down 16% in opposition to gold over the previous 4 years, despite the fact that the cryptocurrency has posted sturdy positive aspects versus the US greenback in that span.
He warned that when “extra air” comes out of the Bitcoin bubble, the four-year returns might look weak. The concept the previous four-year cycle tied to halvings could also be fading was raised by different analysts in latest commentary, and that debate is ongoing.
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What Comes Subsequent For Bitcoin
Schiff went additional by saying Bitcoin is extra prone to sink beneath $100k than to achieve $200k, placing a cautious spin on the outlook.
This view makes clear the place Schiff stands: he treats gold’s rally as a ahead sign about future coverage and believes Bitcoin’s lag just isn’t a short-term quirk however a structural concern.
Lee’s counter is that institutional flows may change how Bitcoin strikes over time.
Featured picture from Meta, chart from TradingView
