Peter Schiff is not letting Bitcoin $BTC BTC enthusiasts off the hook, as he points out something that does not quite add up - Bitcoin's market cap relative to gold's. Back in 2021, the cryptocurrency hit $69,000, and its market cap was 10.72% of gold's. Fast forward to today, and Bitcoin is at $98,000, but that percentage has dropped to 9.95%, notes Schiff. If Bitcoin is supposed to be the "new gold," why does its share of gold's value seem to be shrinking rather than expanding? asks the expert.