Peter Schiff Takes A Victory Lap As Gold Hit New All-Time High At $3,600: Bitcoin Is The ‘Wrong Horse’
Posted On September 5, 2025
Bitcoin’s (CRYPO: BTC) ongoing consolidation phase has sparked a heated debate, with critics pointing to gold’s breakout as proof that BTC has lost steam.
What Happened: Bitcoin critic Peter Schiff noted that Gold (NYSE:GLD) surged to fresh all-time highs around $3,600 as the Federal Reserve prepares to cut rates despite sticky inflation.
By comparison, Bitcoin has failed to respond, lagging gold’s breakout and sitting about 15% lower vs. gold than its 2021 peak, Schiff argued.
He framed the divergence as proof …
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