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29/09/25 04:49 UTC-04

Bitcoin Is in a Hidden Bear Trend — Peter Schiff

Schiff published his calculations on social network X, noting that relative to gold, Bitcoin has fallen by 22% from its peak reached in August 2025 and by 20% from the November 2021 high. The investor explained that one Bitcoin worth about $109,702 is equivalent to only 29 ounces of gold, while gold is priced at $3,773 per troy ounce.

For comparison: in August 2025, Bitcoin at $124,128 was equivalent to nearly 37 ounces of gold. In November 2021, that figure was 35.6 ounces. Schiff argues that the decline in Bitcoin-to-gold ratio indicates weakness in the cryptocurrency, making gold the more valuable asset for protecting savings against inflation.

In the comments to his post, followers were quick to refute Schiff’s “bearish” claims. Many Bitcoin supporters believe that both assets — Bitcoin and gold — can be effective in times of hyperinflation. Some critics reminded him of his failed 2018 prediction, when he forecast Bitcoin, then priced at $3,800, would crash to $750. Instead, the first cryptocurrency rose and within a few years surpassed $100,000, far outpacing gold in growth.

In August, Peter Schiff promised that Bitcoin’s price would soon crash to at least $75,000 due to its high volatility and urged large companies holding BTC to prepare for losses.

See also: "Bitcoin Price Today: Rises Above $114K on "October Rally" Momentum and Whale Buying"

#Bitcoin (BTC) #Bearish Trading

Editor: Yuliya Soroka
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09/06/26 09:51 UTC-04

Bitcoin Could Fall Even Further After Its Worst Week Since the FTX Collapse

Bitcoin’s fall below $60,000 last Friday capped its worst week since the collapse of Sam Bankman-Fried’s FTX exchange in 2022. The forces currently at work seem almost harmless compared with those events, but that is exactly what worries analysts, who warn that the token’s modest rebound may prove short-lived as structural weaknesses are exposed. Bloomberg writes about this.