Bearish Analyst Peter Schiff Makes a Bold Statement Following Bitcoin’s Decline

Following the sharp sell-off in the cryptocurrency market, economist and gold advocate Peter Schiff, long known for his anti-Bitcoin views, has returned to the ￰0￱ said that while Bitcoin's decline below $100,000 was an expected development, the real collapse occurred on ￰1￱ made the following statement: Bitcoin finally broke below $100,000. But the real drop is happening in ￰2￱ price of Ethereum is poised to fall below $3,000, representing a nearly 40% drop from its record high hit in ￰3￱ has erased all of its 2025 ￰4￱ will soon do the same. Today's general crash in the crypto market has revived Peter Schiff's long-held “bubble burst” ￰5￱ to Schiff, this decline once again demonstrates that Bitcoin cannot be a long-term store of ￰6￱ News: Bitcoin and Ethereum Deepen Losses: Here's Why, Latest Data, and Expert Opinions Bitcoin, which fell below $100,000 for the first time since June 23, has come under heavy selling pressure in the last 24 hours due to a market-wide liquidity squeeze and the record-long US government ￰7￱ also added that Bitcoin is losing value in terms of gold: Bitcoin has lost a third of its value in gold terms since its peak last month.

Two-thirds ￰8￱ is a negative correlation between gold and Bitcoin. So, while Bitcoin is falling sharply, gold is likely preparing for a strong rally. *This is not investment ￰9￱ Reading: Bearish Analyst Peter Schiff Makes a Bold Statement Following Bitcoin’s Decline