Bitcoin's price fell 2.78% to $64,044, reaching a low of $63,019, as investors moved away from riskier assets amid inflation concerns and AI disruptions. Meanwhile, gold surged to a record high, closing at $5,278, with silver also reaching a new peak at $93.66.
Peter Schiff, a known critic of Bitcoin, highlighted the divergence between Bitcoin and precious metals, noting gold's 21.5% and silver's 30% gains in 2026, compared to Bitcoin's 27% decline. Schiff predicts this trend will persist throughout the year. Analysts like Fidelity's Jurrien Timmer suggest Bitcoin remains a secondary player to gold, with the $60,000 level as key support.
Bitcoin Drops 2.78% as Gold Reaches Record Highs, Schiff Predicts Continued Divergence
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