Gold to $5K or Bitcoin to $50K? Schiff Weighs In

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Peter Schiff hails gold’s $4,400 breakout and asks if $5,000 gold or a Bitcoin crash to $50,000 comes first.

On December 22, long-time Bitcoin (BTC) critic Peter Schiff celebrated gold reaching a new record price above $4,400 and posed a provocative question to his followers.

In a poll, he asked which milestone would arrive first: gold hitting $5,000 or Bitcoin’s price collapsing to $50,000, reigniting the long-standing feud between advocates for the precious metal and supporters of digital currency.

Gold’s Record Run Reignites the Bitcoin Debate
In a post on X, Schiff called gold’s move above $4,400 a clear break from recent sideways trading and asked followers which milestone would arrive first: gold at $5,000, silver at $100, or Bitcoin at $50,000. More than 6,600 people had voted at the time of this writing, with 43.4% backing gold, 37.4% choosing silver, and only 19.2% predicting that Bitcoin would fall to $50,000.

Schiff reinforced his stance earlier in the day, saying gold was already more than $40 higher overnight, with silver touching a record $68.50. He further stated that participation was still thin and that many investors had failed to grasp what these price levels mean for trust in traditional stores of value.


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