On September 24, economist and cryptocurrency critic Peter Schiff posted on social media that bitcoin failed to live up to its market expectations.
In gold, the current price of bitcoin is down 20% from its all-time high set in August. In other words, bitcoin has entered a bear market. Given that bitcoin is promoted as "digital gold", its 20% decline in gold is far more significant than a 10% decline in dollar terms.
Peter Schiff: Bitcoin has fallen 20% in gold terms compared to ATH, indicating that Bitcoin has actually entered a bear market
2025-09-24 06:39:56
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