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

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."

Source

Correction/Report

RelatedRecommended

Century Debate Turns into BD Summit? Peter Schiff Confronts CZ: Can You List My Gold Token?

This highly anticipated debate, the core disagreement of both sides points directly to the "value essence of digital assets versus physically-backed assets."

「Gold Godfather」 Peter Schiff and CZ Debate Eve: Bitcoin Has No Intrinsic Value, Firmly Believes It Will Ultimately Be Worthless

Bitcoin and gold, which asset is better able to simultaneously serve as a medium of exchange, a unit of account, and a store of value?

The latest interview with Peter Schiff, a well-known gold bull: "Bitcoin no longer has an advantage over gold" | In-depth dialogue

Bitcoin is not the next generation of evolution, Bitcoin is a step backward, gold is the truly valuable investment.

Arthur Hayes: Turbulence from the fringes will become a new driver of Bitcoin prices

This isn’t speculation about whether an ETF will be approved, but Bitcoin’s discount on a possible global war against hyperinflation in the future.

On-Chain Activity

30min ago

This week's macro outlook: The Federal Reserve will announce its interest rate decision on Thursday, with a密集 release of earnings reports from tech giants.

Michael Saylor did not release Bitcoin Tracker information over the weekend, potentially suggesting that Strategy has paused its BTC accumulation.

StandX announces that the DUSD airdrop eligibility and allocation query page is now live.

This week's token unlock overview: FF, CARDS, SUI, and others will see significant one-time token unlocks.

Correction/Report

Submit

Add Library

Visible to myself only

Public

Save

Choose Library

Add Library

Cancel

Finish

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

An institution transferred 16.1 million WLD and 35,000 AAVE to CEX.

Arthur Hayes has sold $49.24 million worth of altcoins.

An entity bought low and sold high on Ethereum, recently buying back 3,000.5 ETH at a recent low.

A certain smart money bought the dip and went long on 26,974 ETH, now with a floating profit of $842,000.