Economist Peter Schiff has criticized Bitcoin, claiming 'Gold is eating Bitcoin’s lunch' as gold reaches a new all-time high while Bitcoin retreats from recent peaks. Gold has outperformed Bitcoin by approximately 25-27% since August, driven by safe-haven demand amid geopolitical tensions. In contrast, Bitcoin's recent correction followed $9 billion in leveraged liquidations. Schiff, a long-time Bitcoin skeptic, warned of a 'brutal' bear market for the cryptocurrency and advised investors to 'sell your fool’s gold and buy the real thing.' His comments, shared on X on October 16, have garnered over half a million views, igniting debate. Despite Bitcoin's 14% decline since early August, the overall crypto market capitalization remains above $3.8 trillion, reflecting ongoing market confidence.