‘This Bitcoin Bear Market Will Be Brutal’, Peter Schiff Claims As Gold Hits $4,290
Posted On October 16, 2025
Bitcoin (CRYPTO: BTC) critic Peter Schiff is sounding the alarm on the cryptocurrency’s recent underperformance against gold.
What Happened: In an X post on Thursday, Schiff noted that Bitcoin has fallen 32% against gold since its August peak, arguing that a “brutal” bear market for Bitcoin is imminent.
He urged holders to sell BTC for gold to avoid further losses.
The post quickly garnered over 100,000 views. Schiff emphasized that Bitcoin is declining while gold rises, positioning the two as clear opposites.
The post sparked debate …
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