PANews reported on September 27th that economist and cryptocurrency critic Peter Schiff published data on the X platform showing that BTC and ETH's year-to-date gains have lagged behind those of major precious metals: platinum is up 74%, silver is up 59%, palladium is up 44%, gold is up 43%, Ethereum is up 20%, and Bitcoin is up 16%. Peter Schiff also pointed out that Bitcoin has been in a long-term "hidden bear market," as its price, denominated in gold, is currently 22% below its August 2025 high and 20% below its November 2021 high.PANews reported on September 27th that economist and cryptocurrency critic Peter Schiff published data on the X platform showing that BTC and ETH's year-to-date gains have lagged behind those of major precious metals: platinum is up 74%, silver is up 59%, palladium is up 44%, gold is up 43%, Ethereum is up 20%, and Bitcoin is up 16%. Peter Schiff also pointed out that Bitcoin has been in a long-term "hidden bear market," as its price, denominated in gold, is currently 22% below its August 2025 high and 20% below its November 2021 high.
Economist: Bitcoin's growth rate this year lags behind precious metals such as gold and silver, and it may have been in a long-term invisible bear market
PANews reported on September 27th that economist and cryptocurrency critic Peter Schiff published data on the X platform showing that BTC and ETH's year-to-date gains have lagged behind those of major precious metals: platinum is up 74%, silver is up 59%, palladium is up 44%, gold is up 43%, Ethereum is up 20%, and Bitcoin is up 16%. Peter Schiff also pointed out that Bitcoin has been in a long-term "hidden bear market," as its price, denominated in gold, is currently 22% below its August 2025 high and 20% below its November 2021 high.
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