Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
October 16, 2025 · 7:25 PM
Bitcoin is currently struggling to maintain momentum above the $115,000 mark, facing a downtrend and significant resistance. Peter Schiff, a Bitcoin skeptic, claims that gold is outperforming Bitcoin, highlighting a 32% decline in Bitcoin's value when compared to gold since August. He urges Bitcoin investors to sell their holdings, referring to Bitcoin as "fool's gold." In response, Changpeng Zhao, former CEO of Binance, pointed out Bitcoin's long-term growth despite current challenges.
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