Renowned economist Peter Schiff compared the record high of gold with the contrasting decline of Bitcoin (CRYPTO: BTC), hinting at a bear market for the cryptocurrency. What Happened: On Tuesday, Schiff wrote on X that gold had hit another record high, trading just below $2,450. He forecasted that it wouldn’t be long before the yellow metal breaks above $2,500. Schiff contrasted this with Bitcoin’s performance, stating that when priced in gold, Bitcoin is down 30% from its 2021 record high. “Wake up and smell the bear market HODLers,” the gold bug said, jeering at long-term investors of the wo…