Peter Schiff: Bitcoin has dropped 20% from its ATH when priced in gold, meaning Bitcoin has actually entered a bear market

BlockBeats News, September 24th, Economist and Cryptocurrency Critic Peter Schiff posted on social media, stating that Bitcoin has failed to meet its market expectations. Priced in gold, Bitcoin is currently down 20% from its all-time high in August. In other words, Bitcoin has entered a bear market. Given that Bitcoin is hailed as "digital gold," a 20% drop in its price when priced in gold carries far more significance than a 10% drop when priced in USD.