The battle between gold bugs and Bitcoin enthusiasts just got a heated round. With gold hitting a record high of $2,304 per ounce, self-proclaimed "gold bugs" are dusting off their "told you so" signs and aiming them squarely at Bitcoin.

Peter Schiff, a vocal Bitcoin critic, wasted no time in pointing out Bitcoin's recent slump compared to gold's impressive climb. However, Schiff might be celebrating a bit prematurely. His claims about Bitcoin's quarterly performance conveniently ignore the year-to-date gains, where Bitcoin still outshines gold by a significant margin.

But wait, there's more! Schiff's attempt to lure investors away from Bitcoin with a "last chance" sale ignores the vastly different timescales of these two assets. As some pointed out, waiting for gold to potentially match Bitcoin's gains could take decades.

The environmental impact of both assets also entered the fray. While Bitcoin's energy consumption is often highlighted, gold mining has a far darker secret. Its reliance on fossil fuels and the toxic byproducts left behind paint a less glamorous picture.

Meanwhile, Bitcoin investment funds are attracting new money, while gold-backed ETFs are experiencing outflows. This suggests investors might be placing their bets on the future potential of Bitcoin, despite the recent price dip.

So, is this the end of Bitcoin's reign? Not quite. The gold bug's gloating might be a bit loud, but Bitcoin's story is far from over. This latest chapter highlights the ongoing debate, but with new factors like environmental impact entering the conversation. The battle for the hearts and minds of investors continues.