Peter Schiff Dismisses Bitcoin Surge as Unlikely to Outstrip Gold

Bitcoin’s unprecedented climb past $110,000 has caught the financial world off guard, even challenging its most ardent critics. Cryptocurrency veteran Peter Schiff, known for his staunch skepticism towards digital assets, offered a surprising response to this surge on X. 🎨 He dismissed Bitcoin’s potential to overtake gold in terms of market capitalization as unlikely and attributed this observation to the substantial growth of gold’s market cap.