Peter Schiff: Bitcoin has fallen 20% from its ATH when priced in gold, meaning Bitcoin has actually entered a Bear Market.

On September 24, economist and crypto asset critic Peter Schiff posted on social media that Bitcoin has failed to meet market expectations. Priced in gold, Bitcoin's current price has fallen 20% from the historical high set in August. In other words, Bitcoin has entered a Bear Market. Given that Bitcoin is revered as "digital gold," its 20% drop in gold terms carries far more significance than a 10% drop in dollar terms.

BTC-0.63%
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