Economist Peter Schiff says Bitcoin’s failure to rise with gold means the party is over.

Economist and gold advocate Peter Schiff shared his view following gold’s surge above $4,200, arguing that Bitcoin’s lack of movement alongside gold signals weakness rather than delayed strength.

“Bitcoiners are convinced that gold's historic rise means Bitcoin will not only follow gold's lead, but soon surpass its performance. However, it’s more likely that Bitcoin's failure to rise with gold means the party is over. Instead of a catch-up boom, expect a belated bust.” — Peter Schiff on X

Schiff suggests that instead of Bitcoin benefiting from gold’s momentum, it may face a “belated bust” as investors turn toward traditional safe-haven assets.