{"id":49377,"date":"2025-09-24T23:46:40","date_gmt":"2025-09-24T23:46:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49377"},"modified":"2025-09-24T23:46:40","modified_gmt":"2025-09-24T23:46:40","slug":"the-bitcoin-bear-market-is-here-or-at-least-thats-what-peter-schiff-thinks","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49377","title":{"rendered":"The Bitcoin Bear Market is Here\u2026 or at Least That\u2019s What Peter Schiff Thinks"},"content":{"rendered":"
\n

Bitcoin critic Peter Schiff has doubled down on his stance, this time claiming the flagship cryptocurrency is in a bear market.<\/p>\n

However, the crypto community pushed back against his remarks, with many arguing that his analysis relied too heavily on short-term data.<\/p>\n

BTC Down 20% against Gold<\/h2>\n

The economist dismissed<\/a> Bitcoin in a September 24 post on X, stating it is \u201cnot living up to its hype.\u201d He pointed out that the cryptocurrency has dropped 20% against gold since its August peak, a fall that he said means it\u2019s in bear market territory.<\/p>\n

Schiff added that since the crypto asset is promoted as \u201cdigital gold,\u201d the 20% drop terms is comparatively more than the 10% decline in dollar terms.<\/p>\n

Bitcoin recently experienced<\/a> a sharp correction that dragged it more than 8% down from its all-time high of $123,800 on August 13 to a recent 13-day low of $112,200 on September 22. On the other hand, gold has continued setting fresh highs this year, climbing more than 11% over the past month.<\/p>\n

This isn\u2019t the first time Schiff has made such claims. A few days ago, he predicted<\/a> that the metal\u2019s steady strength could set the stage for a breakout while it\u2019s counterpart continues to slip. His view is supported by analyst Stockmoney Lizards, who pointed<\/a> to a bearish rising wedge in the leading cryptocurrency\u2019s pattern.<\/p>\n

The latter\u2019s chart shows $112,000 as the immediate support level, with $110,000 identified as the critical threshold, which means that a break below that point could signal a deeper decline.<\/p>\n

Crypto Community Fires Back<\/h2>\n

Crypto supporters have rejected Schiff\u2019s bearish outlook, with people accusing him of not factoring in the digital asset\u2019s long-term dominance. Some claimed <\/a>he is \u201cmoving the goalposts\u201d by measuring Bitcoin in gold, pointing out that the cryptocurrency is still up triple digits against the metal over the past five years. Others dismissed <\/a>his argument that a 20% decline constituted a bear market, saying that \u201cin crypto, calling a 20% dip a \u2018bear market\u2019 is like calling a drizzle a flood.\u201d<\/p>\n

Another X user highlighted<\/a> the leading digital asset\u2019s long-term dominance, noting that over the past decade, gold priced in Bitcoin has collapsed by 99.3%, dropping from about 4.84 BTC per ounce in 2015 to just 0.033 BTC today.<\/p>\n

The 62-year-old has remained relentless in his bearish stance. According to the artificial intelligence platform Grok, he has made<\/a> 237 separate predictions since 2011 forecasting Bitcoin\u2019s crash, collapse, or eventual worthlessness.<\/p>\n

The post The Bitcoin Bear Market is Here\u2026 or at Least That\u2019s What Peter Schiff Thinks<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin critic Peter Schiff has doubled down on his stance, this time claiming the flagship cryptocurrency is in a bear market. However, the crypto community pushed back against his remarks, with many arguing that his analysis relied too heavily on short-term data. BTC Down 20% against Gold The economist dismissed Bitcoin in a September 24 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49377","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49377"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49377\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}