Peter Schiff: If gold rises to $5,000, it may pull BTC price down to $10,000

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According to ChainCatcher, Peter Schiff, an economist unfriendly to cryptocurrencies, posted on X platform that gold prices have once again reached a historic high, exceeding $3,080 per ounce. Meanwhile, millions of young Americans are letting this "high-speed train" pass them by, turning their attention to Bitcoin instead. He suggests that if gold prices reach $5,000, it could potentially drive Bitcoin prices down to $10,000, representing a 95% drop from the peak gold prices in 2021.

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