Peter Schiff: Sell Bitcoin, Invest in Gold During Market Downturn

Renowned economist Peter Schiff has advised investors to consider a shift away from Bitcoin into gold as the cryptocurrency market experiences a dramatic downturn. In comments on social media, Schiff highlighted that Bitcoin’s market value has declined significantly compared to gold since its peak in August, dropping by 32%. He predicts this current bear market for Bitcoin will be particularly challenging and recommends selling your Bitcoin holdings for investment in gold instead.