Peter Schiff, a well-known gold advocate, expresses concern about the market's focus on Bitcoin while gold hits record highs.
Schiff believes that investors are missing out on gold's gains and the important signals it sends about the state of the economy.
He argues that Bitcoin's attention is diverting from the exposure of U.S. Federal Reserve's alleged policy mistakes.
Schiff emphasizes that gold is a better hedge against inflation due to its historical significance and criticizes BTC's volatility and speculative nature.