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Peter Schiff: Bitcoin is down 32% from its ATH when priced in gold; this Bitcoin bear market will be extremely brutal.

Peter Schiff: Bitcoin is down 32% from its ATH when priced in gold; this Bitcoin bear market will be extremely brutal.

BlockBeats2025/10/16 20:51

BlockBeats News, October 17, economist and cryptocurrency critic Peter Schiff posted on social media, stating, "Gold is eating into bitcoin's market share. Since reaching its peak in August, bitcoin priced in gold has dropped by 32%. This bitcoin bear market will be extremely brutal. I advise holders to sell bitcoin and buy gold."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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