Famous gold bug Peter Schiff made some other anti-Bitcoin (BTC) claim, pointing out that it'southward the only asset course that is not rallying by the stop of 2022.

As United states of america stocks recently hit new all-time high, Schiff has provided his sarcastic remark that Bitcoin'south price doesn't correlate with operation of other nugget classes such equally U.S. stocks, precious metals and others. Schiff tweeted on Dec. 27:

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

U.Southward. stock market hits historical highs

Schiff'south statement comes after the U.S. stock market recorded a new historical high, rallying into the end of 2022. On Dec. 26, CNBC reported that all iii major stock averages hit their ATHs, with the Nasdaq Blended (NASDAQ) breaking the 9,000 mark for the beginning time in history as well as the Dow Jones Industrial Average (DJIA) and the S&P 500 (SPX) hitting 28,621 and 3,239, respectively.

Even so, the fact that the U.Due south. stock market tends to be rising during several final days of the twelvemonth has been known for decades. Equally reported by CNBC, stocks typically surge during the concluding five trading days of the year during the so-chosen Santa Claus rally catamenia.

Bitcoin is the height performing nugget in 2022 as it's upward most 100% over ytd

Meanwhile, Bitcoin has allegedly go the top performing asset in 2022 as its cost surged over 99% since Dec. 27, 2022, as noted by an apparent Bitcoin balderdash in the Schiff's thread on Twitter. In comparing, the DJIA is upwardly effectually 36% over twelvemonth-to-engagement period, according to data from CNBC.

Bitcoin year-to-date price chart

Bitcoin yr-to-appointment price chart. Source: Coin360

While the U.S. stock market is known for its Santa Claus rally menstruation, Bitcoin appears to have no established price trend during the final days of the twelvemonth. As such, Bitcoin surged almost two,000% in 2022, skyrocketing from around $974 to its ATH of $20,000 on Dec. 17, 2022.

Still, the biggest cryptocurrency has seen no noun growth in the following twelvemonth of 2022, since it was affected by what is at present known as the crypto winter and it'due south toll remained stable during new year at around $three,800.