{"id":14556,"date":"2025-10-16T20:00:16","date_gmt":"2025-10-16T20:00:16","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/bitcoin-price-slips-below-108000-peter-schiff-anticipates-brutal-bear-market-cz-responds\/"},"modified":"2025-10-16T20:00:16","modified_gmt":"2025-10-16T20:00:16","slug":"bitcoin-price-slips-below-108000-peter-schiff-anticipates-brutal-bear-market-cz-responds","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/bitcoin-price-slips-below-108000-peter-schiff-anticipates-brutal-bear-market-cz-responds\/","title":{"rendered":"Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates \u2018Brutal\u2019 Bear Market, CZ Responds"},"content":{"rendered":"

The Bitcoin price continues to face challenges as the cryptocurrency has resumed its downtrend, struggling to maintain momentum above the $115,000 mark. This price point has proven to be a significant resistance level in the short term.\u00a0<\/p>\n

Amid these fluctuations, Bitcoin skeptic Peter Schiff took to social media platform X (formerly Twitter) to declare, \u201cGold is eating Bitcoin’s lunch.\u201d\u00a0<\/p>\n

Schiff Calls For HODLers To Sell ‘Fool’s Gold<\/h2>\n

In his post, Schiff highlighted that Bitcoin has experienced a 32% decline when priced in gold since its peak in August, predicting a “brutal” bear market ahead. Schiff urged HODLers to reconsider their investments, suggesting they sell their “fool’s gold” and invest in the tangible asset of gold instead, or risk financial ruin.<\/p>\n

In response <\/a>to Schiff’s assertions, Changpeng Zhao, the former CEO of Binance, offered a sarcastic retort. He noted, \u201c We should have listened to him, two months ago, out of the 16 years in bitcoin’s existence. About 1% of the time.\u201d<\/p>\n

Zhao reminded followers that Bitcoin has surged from a mere $0.004 to approximately $110,000 USD over the years, underscoring the cryptocurrency’s long-term potential despite current challenges.<\/p>\n

Expert Predicts Positive October For Bitcoin\u00a0<\/h2>\n

Schiff has continued to voice his skepticism about Bitcoin’s viability as a substitute for the US dollar or as “digital gold.” He argues that many HODLers are in denial about the realities of the market, a mindset he believes will lead to significant losses.<\/p>\n

Contrasting Schiff’s bearish outlook, experts like Timothy Peterson have offered a more optimistic perspective. Peterson’s updated AI forecast<\/a> for Bitcoin, suggests there is still a 75% probability that October could be a positive month for Bitcoin, with the potential for prices to close above $114,000.<\/p>\n

As of this writing, the market\u2019s leading cryptocurrency is trading at approximately $108,280, having dipped toward $107,500 earlier on Thursday. It currently stands 13% below all-time high levels.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin price continues to face challenges as the cryptocurrency has resumed its downtrend, struggling to maintain momentum above the $115,000 mark. This price point has proven to be a significant resistance level in the short term.\u00a0 Amid these fluctuations, Bitcoin skeptic Peter Schiff took to social media platform X (formerly Twitter) to declare, \u201cGold…<\/p>\n","protected":false},"author":1,"featured_media":14557,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[10,9,48,103,12,88,89,13,4305,14,26,5664,2679],"class_list":["post-14556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news-ticker","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-breaking-news-ticker","tag-btc","tag-btc-news","tag-btc-price","tag-btcusdt","tag-changpeng-cz-zhao","tag-crypto","tag-crypto-news","tag-former-binance-ceo","tag-peter-schiff"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/14556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=14556"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/14556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/14557"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=14556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=14556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=14556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}