Gold Finance reported that Bitcoin critic and gold advocate Peter Schiff posted on X, saying: "Kamala (Harris) can't outline a plan to fight inflation because she doesn't have one. The only way to lower prices is to cut government spending and reduce regulation, but she has promised to do the opposite. So, voting for Kamala is voting for higher inflation."

He also replied to a user saying: "I recommend voting for Trump. Either way, inflation will go up, and so will gold. Yes, I think gold will rise more under a Harris administration, but that's not a reason to vote for her. Some things are more important than money."