A gold tribute from an anti-Bitcoin.

Economist Peter Schiff stated that investors focusing on Bitcoin (BTC) missed the rise in the price of gold.

While the crypto market is experiencing busy days, analysts have begun to make striking statements. BTC, approaching the level of $ 64,000, has raised the question of whether the bull cycle has begun. While investors who have been waiting for a rise for a long time are getting impatient, a striking statement came from Schiff.

Schiff criticized investors' focus on BTC. The anti-Bitcoin analyst complained that the opportunity created by gold is being ignored.

Peter Schiff, known for his opposition to Bitcoin, stirred things up with a post he made on X. The famous economist once again put traditional finance above crypto assets.

Schiff, who said, "Gold broke a new record, but very few investors notice or care about this," continued his words as follows:

"While attention is focused on Bitcoin, investors are missing not only the gains of gold, but also the importance of the rise."

Schiff, who stated that the US Fed's interest rate cut after four years was not as positive as it was thought, argued that inflation would increase further. The economist stated that the increase in the gold price showed that monetary policy was too loose and that this situation would not reduce inflation.

Schiff's comments drew a reaction from investors. One user reported that BTC and gold had similarly increased by 2 percent.

The economist, who stated that the price of $BTC was below record levels, continued his words as follows:

"Bitcoin is the best thing that could happen to the Fed because it takes the spotlight off gold, which would otherwise reveal policy mistakes."

#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #MogulProdustions