Bitcoin briefly reclaims $71,000 as Peter Schiff urges investors to rotate into gold and silver

Between March 3 and March 4, Bitcoin rebounded from recent weakness and climbed back to about $71,000 after repeatedly failing to hold above $67,000 and nearly dropping below $60,000. Veteran economist Peter Schiff called the move a "head fake" and urged traders to sell BTC in favor of gold and silver, even as major institutions maintain long-term price targets of $100,000 to $150,000 for 2026. At the same time, gold and silver themselves have seen sharp swings, and some market participants expect both Bitcoin and precious metals to face heightened volatility.