Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Posted On October 7, 2025
Economist Peter Schiff downplayed Bitcoin’s (CRYPTO: BTC) ongoing rally Monday, suggesting it’s too early to be excited about.
Just A Bear Market Rally, Says Schiff
In an X post, Schiff said that while Bitcoin set a new high in dollar terms, i.e, $126,000, it was still about 15% below its record high when priced in gold.
“I still think it’s too early for Bitcoiners to get excited about the rally. Until Bitcoin can make a new high priced in gold, it’s just a bear market rally,” the gold bug said.
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