Peter Schiff: If gold rises to $5000, it may pull the BTC price down to $10,000

ChainCatcher message, the cryptocurrency-unfriendly economist Peter Schiff posted on the X platform that the price of gold has once again reached a historic high, exceeding $3,080 per ounce. Meanwhile, millions of young Americans are letting this "high-speed train" pass them by, turning their attention to Bitcoin. If the price of gold reaches $5,000, it could pull the price of Bitcoin down to $10,000, a 95% drop from the peak gold price in 2021.