Economist and gold advocate Peter Schiff wrote on X: "Most people who buy Bitcoin now believe it will make them rich. Most people who already own Bitcoin refuse to sell because they hold the same belief. Most people who are selling Bitcoin have already become rich because they bought Bitcoin a few years ago and are now cashing out.
Many people who buy gold actually need gold to do business. Investors buy gold not to get rich, but to maintain wealth, or at least to preserve the value of their existing assets. So there is a big difference between the two."
Schiff later said: "Today's Bitcoin price hit a record high again. It is very likely that tomorrow we will find that the buyer is Michael Saylor. This seems to be a trend, as this has happened for the past five Mondays."