Odaily News Peter Schiff, an economist who is unfriendly to cryptocurrencies, wrote on the X platform that the price of gold has hit a new record high of more than $3,080 per ounce, while millions of young Americans let this "high-speed train" pass them by and turned their attention to Bitcoin. If the price of gold reaches $5,000, it may pull the price of Bitcoin down to $10,000, which will be a 95% drop from the peak of gold prices in 2021.