Peter Schiff, a renowned economist known for his advocacy of gold, has reignited a debate with the crypto community by asserting that Bitcoin’s narrative is faltering as gold reclaims its position as the dominant store of value. In a recent X post, Schiff argued: ‘Gold is the biggest threat to Bitcoin.’ This claim stems from the observed resurgence in gold prices amid geopolitical tensions and U.S. Treasury volatility, bolstering gold’s status as a safe-haven asset. Conversely, Bitcoin has seen its price fluctuate around $109,000 after experiencing a recent sell-off last week. While Bitcoin attempts to recover, Schiff contends that the current surge in gold eliminates the need for investors to pursue Bitcoin as an alternative.