Gold Prices Reach New Highs Amid Bitcoin Focus Among U.S. Youth

According to PANews, economist Peter Schiff, known for his critical stance on cryptocurrencies, recently commented on the X platform about the rising gold prices. He noted that gold has reached a new historical high, surpassing $3,080 per ounce. Meanwhile, millions of young Americans are reportedly missing out on this trend, instead focusing their attention on Bitcoin. Schiff speculated that if gold prices were to reach $5,000, it could potentially drive Bitcoin prices down to $10,000, marking a 95% decrease from gold's peak price in 2021.