Gold or Bitcoin: Who Will Have The Last Laugh In Trump Tariff War?

With gold price surging to an all-time high og $3,200 per ounce, economist and Bitcoin critic Peter Schiff has raised warning bells.

The US economy seems to be very fragile at the moment, and talks of a global recession are on the rise, leading to a strong safe haven bid for yellow metal Gold. The apex cryptocurrency Bitcoin price has also bounced back from the lows of under $75,000 this week, to now trading around $82,000, while the US-China trade war escalates to new highs. Gold has seen a consistent upside this year, while BTC has been subject to massive volatility.

Gold or Bitcoin: Who Will Have The Last Laugh In Trump Tariff War?

With gold price surging to an all-time high og $3,200 per ounce, economist and Bitcoin critic Peter Schiff has raised warning bells. Meanwhile, U.S. dollar strength wanes, stock futures decline, and the 10-year Treasury yield edges toward a critical threshold of 4.5%.

Schiff cautioned that if the yield surges beyond this, it could lead to a major financial unwinding. In his message on the X platform, Peter Schiff wrote:

“Gold just topped $3,200. The dollar and stock futures are cracking. 10-year Treasury yield about to break 4.5%. When it does this could spiral out of control. They better get the plunge protection team onboard tonight. That will only make it worse, but it will buy some time.”