Cowen Says Silver’s 60% Drop May Foreshadow Bitcoin’s Next Move
Into The Cryptoverse founder Benjamin Cowen compares silver’s slide from its peak with Bitcoin’s pattern and says metals have often bottomed before crypto.
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what happened
Into The Cryptoverse founder Benjamin Cowen, as reported by Stocktwits, sees a possible link between silver’s fall from its all-time high and what Bitcoin could do next. He noted that both assets began their latest rally at similar levels and peaked at comparable heights: Bitcoin near $126,000 and silver near $120 an ounce. Silver has since dropped to about $49, while Bitcoin traded near $78,000.
Cowen pointed to past cycles in which metals found a floor before Bitcoin, including the 2008 crisis, when silver bottomed in October while the S&P 500 kept falling until March 9, 2009. If history repeats, Bitcoin could bottom after metals, with both possibly recovering in 2027. He said both rallies rested on the debasement trade, though silver tends to attract money when investors flee risk, while Bitcoin rises when they move toward it.
why it matters
The comparison is a historical analogy, not a forecast. It shows how closely precious metals and crypto have moved together in recent cycles, which is why traders are watching whether that link holds. Cowen himself stressed that investors should focus on the market that exists rather than the one they want.
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sources
- Benjamin Cowen Warns Silver’s 60% Crash May Be A ‘Warning Sign’ For BTC — And The Bottom May Not Be In Yet — Stocktwits, 1 November 2026 at 12:18 UTC
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