Goldbug Peter Schiff shines about Bitcoin’s recent unperformance.
In a recent social media post, Goldbug said that gold is reaching new record highs while gold cryptocurrency is currently doing “nothing” things.
Gold’s new record
Earlier today, the yellow metal hit an even higher record high, surpassing the $3,600 level for the first time.
“It’s exactly what we expect by trying to cut fees until the Fed has increased inflation,” he said.
As reported by U.Today, the odds of rate cuts surged early today after the U.S. Labor Bureau released overwhelming employment data.
“You bet on the wrong horse.”
According to Schiff, those who decided to choose Bitcoin over gold have betted on the wrong horse.
Despite its vastly larger market capitalization, gold was significantly higher than Bitcoin in 2025.
Bitcoin has dropped 13% against gold this year, with the latter clearly winning the “safe shelter” race.
