Peter Schiff Takes a Dig at Bitcoin as BTC Price Tumbles Amid Rising Iran-Israel Tension

Peter Schiff Takes a Dig at Bitcoin as BTC Price Tumbles Amid Rising Iran-Israel Tension

While the past several weekends went quite calmly for Bitcoin and the entire crypto market, this time, things are significantly different.
Whether propelled by yesterday’s announcements by a few presidents of the US Federal Reserve or today’s reports of Iran preparing an attack against Israel, the reality is that BTC’s price has tumbled hard, and the altcoins have shed even more value.
This seems like the perfect opportunity for a perma-bear like Peter Schiff to open up another can of bash fest. But, keep in mind that gold’s price also dropped yesterday, when the markets were opened.
Bitcoin just flash crashed to just above $61K. That’s just 26 ounces of gold. At its peak 2.5 years ago one #Bitcoin was worth 37 ounces of #gold. That’s a decline of 30%. Digital Fool’s Gold is clearly in a bear market when priced in real gold.
— Peter Schiff (@PeterSchiff) April 13, 2024

CryptoPotato reported the market crashes from yesterday and today, which in total took Bitcoin’s pr

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