[Peter Schiff: Bitcoin priced in gold has dropped 32% from its ATH, this Bitcoin bear market will be very brutal] BlockBeats news, October 17, economist and cryptocurrency critic Peter Schiff posted on social media stating, 'Gold is eating into Bitcoin's market share. Since hitting its peak in August, Bitcoin priced in gold has dropped 32%. This Bitcoin bear market will be very brutal. I advise holders to sell Bitcoin and buy gold.'