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Benzinga
Benzinga
Business
Khyathi Dalal

Peter Schiff Takes A Victory Lap As Gold Hit New All-Time High At $3,600: Bitcoin Is The 'Wrong Horse'

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Bitcoin's (CRYPO: BTC) ongoing consolidation phase has sparked a heated debate, with critics pointing to gold's breakout as proof that BTC has lost steam.

What Happened: Bitcoin critic Peter Schiff noted that Gold (NYSE:GLD) surged to fresh all-time highs around $3,600 as the Federal Reserve prepares to cut rates despite sticky inflation.

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