Peter Schiff Says Bitcoin Down 20% In Gold Since Its Record High — Gets Told To Go Look At A 5-Year Chart
Posted On September 24, 2025
Economist Peter Schiff said Tuesday that Bitcoin (CRYPTO: BTC) was in a bear market and has failed to live up to its “hype” as a “Digital Gold.”
Bitcoin Lagging Gold, Says Schiff
In an X post, Schiff pointed out that, when priced in gold, Bitcoin is trading 20% below its highs set in August.
“Bitcoin is not living up to its hype,” he said. “Since Bitcoin is promoted as being digital gold, being down 20% in gold is more significant than being down 10% in dollars.”
Gold Vs. ‘Digital Gold’
Schiff’s argument had merit. Bitcoin has lagged …
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