Peter Schiff Says Bitcoin-Nasdaq Link Snaps as BTC Holds Near $64,000

On July 10, 2026, Bitcoin traded around $64,000 amid fresh commentary from Peter Schiff dismissing long-held correlation narratives. Schiff, who posted his critique on July 9, argued the gold correlation was never real given BTC’s failure to track gold’s 2025 rally, and now the Nasdaq relationship has also collapsed. Year-to-date data shows gold +9%, silver +11%, Nasdaq +13% and Russell 2000 +14%, while Bitcoin is down 11%. The two articles published hours apart reinforce bearish sentiment while noting counter-arguments around institutional adoption via ETFs and treasury allocations. Market focus remains on whether BTC is a risk asset or store of value.