Peter Schiff Unimpressed By Bitcoin’s $40K Move, Says Gold Has ‘Completely Broken Out’
Gold reaching record highs is more significant than Bitcoin’s (CRYPTO: BTC) 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….