Peter Schiff Unimpressed By Bitcoin's $40K Move, Says Gold Has 'Completely Broken Out'
Gold reaching record highs is more significant than Bitcoin’s performance, says Peter Schiff, emphasizing the precious metal’s recent rally and contrasting it with the cryptocurrency’s challenges. What Happened: Renowned economist and cryptocurrency critic Peter Schiff pointed out on X, formerly Twitter, that gold trading above $2,100 for the first time ever is far more noteworthy than Bitcoin trading above $40K. He highlighted that gold has entered uncharted territory while Bitcoin still needs to rally over 60% to reach a new high. Schiff stated, “Gold has completely broken out.” tweet Schiff noted that ... (full story)