Peter Schiff: The Bitcoin crash relative to gold reveals the true nature of the "digital gold" scam

Economist Peter Schiff posted on the X platform that the price of Bitcoin has fallen below $90,000, down 28.5% from its historical high, while the price of Bitcoin priced in gold has dropped by about 40% against the backdrop of gold maintaining above $4,000. He stated that this relative decline exposes the fraudulent nature of the "digital gold" narrative and believes that investors involved will sell off.