Bitcoin’s High Price: Can It Truly Rival Gold’s Status?

Bitcoin recently hit a new all-time high, reaching $126,200 and surpassing $2.5 trillion in market cap. This surge has sparked debate among experts, including economist Peter Schiff, who questioned its long-term viability by calling it a “bear market rally.” Despite the record dollar valuation, Schiff argues that Bitcoin falls short when compared to gold’s potential value, highlighting Bitcoin’s historical correlation with gold and its performance as a hedge against inflation.