Peter Schiff, a well-known economist and cryptocurrency critic, has emphasized the significance of gold reaching record highs over Bitcoin's performance. Schiff highlighted that gold trading above $2,100 is more noteworthy than Bitcoin trading above $40K, as gold has entered uncharted territory while Bitcoin is still far from its high. He suggests that the strength of gold, even with a flat U.S. dollar, is bullish for the metal and could indicate a potential fall in the dollar. Schiff has been vocal about his skepticism towards Bitcoin, warning of a potential crash before the launch of BlackRock's Bitcoin ETF and a possible selloff if the Grayscale Bitcoin Trust converts to an ETF.