Peter Schiff: The BTC/gold exchange rate has fallen 59% from the 2021 high, and Bitcoin is in a long-term bear market measured in gold.

CycleProphet · 2026-02-04T01:11:11+00:00

Economist Peter Schiff stated that gold prices have surpassed $5,000, putting short sellers in a difficult position. At the same time, Bitcoin's price has fallen to $76,000, equivalent to 15 ounces of gold, indicating a long-term bear market. Schiff has a critical attitude towards cryptocurrencies.

CycleProphet

2026-02-04 01:11:11

Abstract generation in progress

Deep Tide TechFlow News, on February 4th, economist and gold supporter Peter Schiff posted on social media that gold prices have once again broken through $5000. Traders who shorted gold last week may face difficulties. Meanwhile, Bitcoin’s price has fallen to $76,000, currently equivalent to 15 ounces of gold, down 59% from its peak in November 2021. Priced in gold, Bitcoin is in a long-term bear market.

It is reported that, as a long-time gold supporter and Bitcoin critic, Peter Schiff has always held a negative attitude towards cryptocurrencies.

BTC-3,93%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.