---
title: "Gold Prices Surge as Bitcoin Faces Long-Term Bear Market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274737599.md"
description: "Economist and gold advocate Peter Schiff announced on social media that gold prices have surged past $5,000. According to ChainCatcher, traders who shorted gold last week may face challenges. Meanwhile, Bitcoin's price has fallen to $76,000, equivalent to 15 ounces of gold, marking a 59% decline from its peak in November 2021. In terms of gold valuation, Bitcoin is experiencing a long-term bear market. Peter Schiff, known for his long-standing support of gold and criticism of Bitcoin, has consistently maintained a negative stance on cryptocurrencies."
datetime: "2026-02-04T01:13:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274737599.md)
  - [en](https://longbridge.com/en/news/274737599.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274737599.md)
generator: "portal-rs"
---

# Gold Prices Surge as Bitcoin Faces Long-Term Bear Market

Economist and gold advocate Peter Schiff announced on social media that gold prices have surged past $5,000. According to ChainCatcher, traders who shorted gold last week may face challenges. Meanwhile, Bitcoin's price has fallen to $76,000, equivalent to 15 ounces of gold, marking a 59% decline from its peak in November 2021. In terms of gold valuation, Bitcoin is experiencing a long-term bear market. Peter Schiff, known for his long-standing support of gold and criticism of Bitcoin, has consistently maintained a negative stance on cryptocurrencies.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**