Renowned investor Peter Schiff has sparked debate on social media platform X (formerly Twitter) over the price of Bitcoin. He contends that Bitcoin is entering “bear market territory” when priced in gold, a claim met with sharp criticism from crypto proponents who highlight Bitcoin’s past performance. Schiff cites Bitcoin’s recent decline against gold as evidence for his prediction. Meanwhile, X users point out Bitcoin’s significant gains over time despite short-term volatility, emphasizing its long-term potential. The debate centers on the role of Bitcoin in the current economic landscape. Schiff has repeatedly questioned Bitcoin’s position as a store of value, arguing that central banks favor gold during uncertain times.