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Benzinga
Benzinga
Business
Khyathi Dalal

Peter Schiff Says Bitcoin, Ethereum Crash Is 'Imminent'—But How Much Worse Can It Get?

Peter Schiff Bitcoin Ethereum Crypto Gold
Bitcoin,Price,Falling,Down,Concept,,Digital,Cryptocurrency,On,Red,Bar

Bitcoin's (CRYPTO: BTC) downturn may be only beginning, according to veteran gold advocate Peter Schiff, who warns of an impending collapse across the broader crypto market as Bitcoin broke to $106,000 today.

What Happened: In his latest posts on X, Schiff noted that Bitcoin has lost 34% of its value relative to gold since its August all-time high, underscoring the digital asset's sharp underperformance compared to the traditional safe-haven metal.

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