{"id":53519,"date":"2025-10-17T19:16:46","date_gmt":"2025-10-17T19:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=53519"},"modified":"2025-10-17T19:16:46","modified_gmt":"2025-10-17T19:16:46","slug":"cz-fires-back-at-peter-schiffs-latest-bitcoin-criticism","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=53519","title":{"rendered":"CZ Fires Back at Peter Schiff\u2019s Latest Bitcoin Criticism"},"content":{"rendered":"
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Binance co-founder Changpeng Zhao (CZ) has pushed back against Peter Schiff\u2019s latest prediction for Bitcoin.<\/p>\n

This is after the economist\u2019s recent warning of a \u201cbrutal\u201d bear market looming over the digital asset.<\/p>\n

Critic Mocks BTC\u2019s Fall<\/h2>\n

Schiff, a well-known Bitcoin critic, said<\/a> via X that the cryptocurrency\u2019s 32% decline since August against gold shows that investors are losing confidence in its long-term value.<\/p>\n

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\u201cGold is eating Bitcoin\u2019s lunch. Bitcoin is now down 32% priced in gold since its August high. This Bitcoin bear market will be brutal,\u201d he wrote.<\/p>\n<\/blockquote>\n

He further encouraged holders to sell their \u201cfool\u2019s gold\u201d and buy the real asset, claiming that those who failed to do so would suffer losses.<\/p>\n

CZ responded<\/a> to Schiff\u2019s latest prediction with sarcasm, referring to it as \u201cPeter revenge.\u201d He explained that while his argument might be right in the short term, such occurrences represent only about 1% of Bitcoin\u2019s 16-year history. During that period, the cryptocurrency has risen from $0.004 to $110,000 despite occasional declines against the metal.<\/p>\n

Joe Hill joked that the gold advocate is \u201cstuck in the 1970s,\u201d suggesting that the metal could face a bear market if the leading cryptocurrency declines. Meanwhile, popular trader The Bitcoin Therapist said he is considering selling his digital holdings to move entirely into gold and is seeking guidance.<\/p>\n

Tony Edward, founder of the Thinking Crypto Podcast, argued that an upcoming liquidity rotation could allow Bitcoin and the wider crypto market to outperform these traditional assets.<\/p>\n

The \u201cDe-Bitcoinization\u201d Trend<\/h2>\n

Schiff\u2019s latest remarks come after Bitcoin\u2019s recent underperformance compared to gold. The cryptocurrency peaked at around $126,000 in early October but fell to about $105,000 today, a 17% drop in USD terms. Against gold, the decline was even steeper, with it losing 32% of its value from August to today. On the other hand, the metal climbed to a record high of $4,300 per ounce.<\/p>\n

He described<\/a> the current trend as a \u201cde-bitcoinization\u201d and \u201cde-dollarization,\u201d referring to a weakening of the narratives that once presented the flagship cryptocurrency as a better alternative to traditional stores of value like gold and currencies like the U.S. dollar.<\/p>\n

This is part of ongoing commentary from the financial commentator who saw him challenge<\/a> the cryptocurrency\u2019s narrative as \u2018digital gold.\u2019 Schiff believes<\/a> that Bitcoin\u2019s price trajectory is a warning that it is in a deeper bear market.<\/p>\n

The digital asset is currently trading around $106,025. This marks an over 12% drop in the past week and nearly 16% below its August all-time high.<\/p>\n

The post CZ Fires Back at Peter Schiff\u2019s Latest Bitcoin Criticism<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Binance co-founder Changpeng Zhao (CZ) has pushed back against Peter Schiff\u2019s latest prediction for Bitcoin. This is after the economist\u2019s recent warning of a \u201cbrutal\u201d bear market looming over the digital asset. Critic Mocks BTC\u2019s Fall Schiff, a well-known Bitcoin critic, said via X that the cryptocurrency\u2019s 32% decline since August against gold shows that […]<\/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-53519","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\/53519","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=53519"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53519\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}