Peter Schiff Encourages Gold Investment Amidst Bear Market for Bitcoin

Economist and cryptocurrency critic Peter Schiff has voiced his concern about the current bear market impacting Bitcoin, suggesting investors shift towards a stable asset like gold. BlockBeats reports that since hitting its peak in August, Bitcoin has experienced a decline of 32% relative to gold prices. Schiff predicts this downturn will be particularly severe, advising Bitcoin holders to sell their holdings and invest in gold instead.