Bitcoin has fallen 30% since Peter Schiff's sell recommendation at $110,000 last year, according to the prominent gold advocate. Schiff, a long-time critic of Bitcoin, argues that the recent price drop underscores the cryptocurrency's speculative nature and inherent risks. He also cautions that the current enthusiasm around "digital credit" could lead to a market collapse, as investors may not fully grasp the associated risks. Schiff's bearish stance has sparked debate among traders and investors, with some viewing his warnings as credible while others dismiss them based on his past inaccuracies. The market remains divided, with some investors taking profits or cutting losses amid the downturn, while others see it as a typical correction in Bitcoin's volatile cycle. Schiff's comments continue to fuel discussions about the sustainability of crypto market trends.