Peter Schiff: If Nasdaq enters a bear market, BTC may fall below $65,000

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MarsBit
03-17
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According to Mars Finance news, economist and gold supporter Peter Schiff posted on X that if the Nasdaq index shifts from an adjustment to a bear market, the price of Bitcoin could face a severe decline. Schiff stated that the current Nasdaq decline is 12%, and if this correlation continues, when the Nasdaq declines 20%, the price of Bitcoin will drop to around $65,000, and if the Nasdaq experiences a 40% decline, Bitcoin could fall to around $20,000 or even lower. Peter Schiff pointed out that historically, bear markets have typically led to larger declines, citing the examples of the dot-com bubble, the 2008 financial crisis, and the 2020 COVID-19 pandemic collapse.

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