[Peter Schiff: BTC/Gold exchange rate has dropped 59% from its 2021 peak, Bitcoin is in a long-term bear market when priced in gold] Deep Tide TechFlow reports, on February 4, economist and gold advocate Peter Schiff posted on social media stating that gold prices have once again surpassed $5,000. Traders who shorted gold last week may face difficulties. Meanwhile, Bitcoin's price has fallen to $76,000, currently equivalent to 15 ounces of gold, marking a 59% drop from its November 2021 peak. When priced in gold, Bitcoin is in a long-term bear market. It is reported that Peter Schiff, a long-time gold supporter and Bitcoin critic, has consistently held a negative stance on cryptocurrencies.