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Peter Schiff: The big dump of Bitcoin relative to gold reveals the essence of the "digital gold" eyewash.
Odaily News Economist Peter Schiff stated on the X platform that the Bitcoin price has fallen below $90,000, down 28.5% from its historical peak, while the Bitcoin price in gold terms has dropped by about 40% against the backdrop of gold maintaining above $4,000. He said that this relative decline exposes the eyewash nature of the “digital gold” narrative and believes that investors involved will sell.