Peter Schiff Rejects ‘Correction’ Talk, Declares Bitcoin and Ether Deep in Bear Territory

Peter Schiff has dismissed the idea that Bitcoin and Ether are merely experiencing a correction, asserting instead that they are firmly entrenched in a bear market. This perspective is significant as it reflects ongoing skepticism about the future of cryptocurrencies, which could influence investor sentiment and market dynamics. Schiff's views may lead to increased caution among potential investors, highlighting the volatility and risks associated with digital currencies.