Economist Peter Schiff: If Nasdaq enters a bear market, Bitcoin may fall below $65000

According to a report by Golden Finance, economist and gold supporter Peter Schiff stated in an article on X that if the Nasdaq index turns from a correction to a bear market, the price of Bitcoin may face a serious decline. Schiff stated that currently Nasdaq is down 12%, and if this correlation continues, when Nasdaq falls 20%, the price of Bitcoin will drop to about $65000. If Nasdaq experiences a 40% decline, Bitcoin may drop to about $20000 or even lower. Peter Schiff pointed out that a bear market in history usually brought about a greater decline, referring to the precedents of the Internet foam, the financial crisis in 2008 and the collapse of the COVID-19 epidemic in 2020.