According to ChainCatcher, the less cryptocurrency-friendly economist Peter Schiff stated that the price of gold has exceeded $3,080, setting a new historical high. Currently, millions of young Americans are focused on Bitcoin rather than gold.
However, Schiff predicts that if the price of gold reaches $5,000, the price of Bitcoin could drop to $10,000, which would be a 95% decline from the peak price of gold in 2021.
Peter Schiff previously posted on X that if the Nasdaq index shifts from a correction to a bear market, the price of Bitcoin may face a severe drop. Schiff stated that the Nasdaq is currently down 12% (at that time's data), and if this correlation continues, when the Nasdaq drops 20%, the price of Bitcoin will fall to around $65,000. If the Nasdaq experiences a 40% drop, Bitcoin could drop to around $20,000 or even lower. Peter Schiff noted that historically, bear markets usually bring larger declines, referencing precedents such as the dot-com bubble, the 2008 financial crisis, and the collapse during the COVID-19 pandemic.#比特赏银 $ETH $BNB
