Peter Schiff calls digital gold narrative a delusion as BTC drops below $90K

Bitcoin skeptic and prominent gold bull Peter Schiff stated on X that Bitcoin has fallen below $90,000, a 28% decline from its peak. He contrasted this with gold, which he noted is still trading above $4,000. Schiff added that when priced in gold, Bitcoin has dropped by approximately 40%. He described the claim that Bitcoin is digital gold as being close to a delusion and predicted that Bitcoin holders will end up selling off all their holdings.