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Benzinga
Benzinga
Business
Khyathi Dalal

'This Bitcoin Bear Market Will Be Brutal', Peter Schiff Claims As Gold Hits $4,290

Peter Schiff Gold Crypto
bear market ai5

Bitcoin (CRYPTO: BTC) critic Peter Schiff is sounding the alarm on the cryptocurrency's recent underperformance against gold.

What Happened: In an X post on Thursday, Schiff noted that Bitcoin has fallen 32% against gold since its August peak, arguing that a "brutal" bear market for Bitcoin is imminent.

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