During a weekend of global economic uncertainty that tested safe-haven investments, a clear market divide emerged. Gold and silver surged to record highs, with gold crossing $5,175 and silver rising above $87. In stark contrast, Bitcoin fell more than 5%, dropping below the key $65,000 support level and raising fresh doubts about its role as a stable store of value during periods of stress.
Over the weekend, precious metals soared while cryptocurrencies faltered. This shift prompted fresh scrutiny of Bitcoin’s safe-haven status in stressed markets.
Economist and long-time Bitcoin critic Peter Schiff highlighted this divergence. He argued the growing gap between precious metals and cryptocurrencies was not a temporary phenomenon.
The crypto community pushed back against Schiff’s comments. One user stated, “It’s always ‘Bitcoin is down 4%’ on red days but never ‘Bitcoin is up 300% in a year’ on green ones.”
While gold climbed above $5,100 per ounce, Bitcoin traded about 30% below its October 2025 peak. The asset failed to act like a traditional safe asset during this period.
The Bitcoin-to-gold ratio has fallen sharply since December 2024. At that peak, one Bitcoin could buy about 38 ounces of gold, but by February 2026, that figure had fallen to roughly 13 ounces.
This decline means Bitcoin has lost more than 62% of its value compared to gold in just over a year. The cryptocurrency is losing real purchasing power when measured against the precious metal.
The trend is even clearer when comparing Bitcoin to silver. Since May 2025, Bitcoin’s value relative to silver has dropped by more than 70%.
This change is reflected in global market capitalization 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. The strong 2024-2025 trend of viewing Bitcoin as an inflation hedge is now weakening.
Some analysts believe the current low Bitcoin-to-gold ratio could present a long-term buying opportunity. They view Bitcoin as cheap relative to gold.
The overall market direction, however, remains clear. Investors facing uncertainty are choosing gold and silver instead of cryptocurrency.
