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Home News Peter Schiff: Bitcoin has already dropped 32% from its ATH in terms of gold. This Bitcoin bear market is going to be very brutal.

Peter Schiff: Bitcoin has already dropped 32% from its ATH in terms of gold. This Bitcoin bear market is going to be very brutal.

16 October 2025

BlockBeats News, October 17th, Economist and cryptocurrency critic Peter Schiff posted on social media, stating, “Gold is eating into Bitcoin’s market share. Since hitting a high in August, Bitcoin has dropped 32% against gold. This Bitcoin bear market will be very brutal. I advise hodlers to sell Bitcoin and buy gold.”