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Peter Schiff: The BTC/gold exchange rate has fallen 59% from the 2021 high, and Bitcoin is in a long-term bear market measured in gold.

bitcoin news Market Analysis

2026-02-04 01:08:07

BTC0.67%

ChainCatcher News, economist and gold supporter Peter Schiff posted on social media that gold prices have broken through $5000 again. Traders who shorted gold last week may face difficulties. Meanwhile, Bitcoin's price has fallen to $76,000, currently worth about 15 ounces of gold, down 59% from its peak in November 2021. Priced in gold, Bitcoin is in a long-term bear market.

It is reported that, as a long-time gold supporter and Bitcoin critic, Peter Schiff has always held a negative attitude towards cryptocurrencies.

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DogFightingIsVeryExciting.

· 02-04 01:09

Gate announces that its global registered users have surpassed 40 million. This milestone is not only a quantitative increase in the platform's user base but also a qualitative change brought about by its long-term strategic investments. Since its establishment in 2013, Gate has always prioritized compliance and security, continuously expanding its global compliance footprint. Gate actively advances regulatory arrangements in Europe and other markets, with its subsidiary Gate Technology Ltd having obtained a MiCA license under the regulation of the Malta Financial Services Authority (MFSA).

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