Economist Peter Schiff, known for his skepticism toward cryptocurrencies<\/a>, made bold statements on X this week. According to him, “Bitcoin<\/a> and the entire crypto universe are about to be challenged by gold.” His prediction goes further: he anticipates gold reaching $4,000 per ounce<\/strong>, representing a 50% increase<\/strong> from current levels<\/strong> of around $2,700<\/strong>.<\/p>\n\n\n\n Schiff argues that Wall Street’s optimism toward digital assets<\/strong> is becoming increasingly difficult to justify. His thesis rests on the idea that a strong upward momentum in gold would mechanically divert significant capital<\/strong> away from cryptocurrencies<\/a><\/strong>. For major investors, such a movement in the yellow metal would be impossible to ignore, according to the economist.<\/p>\n\n\n\n This position comes as several macroeconomic factors weigh on risk assets. The threat of a three-week U.S. government shutdown briefly amplified volatility, pushing some traders toward defensive positions. Markets are also factoring in growing geopolitical uncertainties<\/strong> and a potentially weaker dollar in the medium term<\/strong>.<\/p>\n\n\n\n