📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
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Economist Peter Schiff: If the Nasdaq enters a bear market, Bitcoin could fall below $65,000
Peter Schiff, an economist and gold supporter, said in X that if the Nasdaq index turns from a correction to a bear market, the price of bitcoin could face a serious decline. Schiff said that if this correlation continues, the price of bitcoin will fall to about $65,000 if the Nasdaq falls by 20%, and if the Nasdaq experiences a 40% decline, bitcoin could fall to about $20,000 or even lower. Peter Schiff points out that historically, bear markets have typically led to larger declines, citing precedents such as the dot-com bubble, the 2008 financial crisis, and the 2020 COVID crash.