Peter Schiff Believes Bitcoin Needs $148,000 to Compete with Gold

Renowned economist Peter Schiff has claimed that for Bitcoin to be considered a serious competitor to gold’s value, it needs to reach a price of $148,000. This assertion highlights Schiff’s long-held skepticism about Bitcoin as a reliable store of value and reflects his persistent belief in gold as the superior investment. Despite Bitcoin hitting a new all-time high recently, Schiff remains unconvinced. He believes this surge merely represents a temporary bear market rally. This viewpoint emphasizes his consistent argument that gold continues to be more robust than Bitcoin as a safe-haven asset.