Peter Schiff Says Every Asset Class But BTC Is Rallying as 2019 Ends

Famous gold bug Peter Schiff made another anti-Bitcoin claim, pointing out that it's the only asset class that is not rallying by the end of 2019.

As United States stocks recently hit new all-time high, Schiff has provided his sarcastic remark that Bitcoin's price doesn't correlate with performance of other asset classes such as U.S. stocks, precious metals and others.

"Bitcoin is not disappointing those who claim its true value is that it's a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but at least #Bitcoin is meeting expectations on something!".

U.S. stock market hits historical highs.

Schiff's statement comes after the U.S. stock market recorded a new historical high, rallying into the end of 2019.

On Dec. 26, CNBC reported that all three major stock averages hit their ATHs, with the Nasdaq Composite breaking the 9,000 mark for the first time in history as well as the Dow Jones Industrial Average and the S&P 500 hitting 28,621 and 3,239, respectively.

Bitcoin is the top performing asset in 2019 as it's up nearly 100% over ytd.

Bitcoin has allegedly become the top performing asset in 2019 as its price surged over 99% since Dec. 27, 2018, as noted by an apparent Bitcoin bull in the Schiff's thread on Twitter.

While the U.S. stock market is known for its Santa Claus rally period, Bitcoin appears to have no established price trend during the final days of the year.

Bitcoin surged almost 2,000% in 2017, skyrocketing from around $974 to its ATH of $20,000 on Dec. 17, 2017.