During the weekend, the idea of a safe-haven investment was put to the test. At a time when investors were looking for protection from global economic uncertainty, the market showed a clear divide.
Gold and silver surged to record highs, while Bitcoin [BTC] moved in the opposite direction. Gold crossed $5,175, and silver rose above $87.
In contrast, Bitcoin fell more than 5%, dropping below the key $65,000 support level.
Instead of acting like a reliable store of value, Bitcoin weakened during a period of stress, raising fresh doubts about its role as a safe asset.
Peter Schiff slams Bitcoin once again
Economist and long-time Bitcoin critic Peter Schiff highlighted this shift on X. He argued that the growing gap between precious metals and cryptocurrencies was not temporary.
Needless to say, the crypto community pushed back on Schiff’s comments and added,
“It’s always “Bitcoin is down 4%” on red days but never “Bitcoin is up 300% in a year” on green ones. Zoom out, Peter. The chart still scares gold bugs more than volatility scares us.”
Echoing similar sentiments, another X user added,
Source: The Bitcoin Therapist/X
While gold climbed above $5,100 per ounce, Bitcoin failed to act like a safe asset and was trading about 30% below its October 2025 peak.
Bitcoin vs. Gold
At its peak in December 2024, one Bitcoin could buy about 38 ounces of gold. By February 2026, that figure had fallen to roughly 13 ounces.
This sharp decline shows that Bitcoin has lost more than 62% of its value compared to gold in just over a year. Even though Bitcoin still looks stable in dollar terms, it is losing real buying power when measured against gold.
Silver’s rise and Bitcoin’s struggle
The gap becomes even clearer when we compare Bitcoin with silver. Since May 2025, Bitcoin’s value compared to silver has dropped by more than 70%.
This change is also visible in global rankings.
According to CompaniesMarketCap, gold and silver now rank first and second in total market value. Bitcoin has fallen to around 13th place, behind many traditional companies and physical assets.
What’s more?
All in all, the strong trend of 2024 and 2025, when many people saw Bitcoin as a good way to protect against inflation, is now weakening.
However, some analysts believe that the current low Bitcoin-to-gold ratio could be a good long-term buying chance. They think Bitcoin is cheap compared to gold.
Still, the overall market direction is clear. Even though more money is entering the system, investors are choosing gold and silver instead of crypto.
Therefore, if Bitcoin wants to be seen as a safe haven again, it needs to stop acting like a risky tech stock and start behaving more like a stable store of value.
Final Summary
- Bitcoin’s drop below $65,000 weakened confidence in its role as a long-term store of value.
- The sharp fall in the Bitcoin-to-gold ratio shows that Bitcoin is losing real purchasing power, not just price momentum.
