PANews reported on November 18 that economist Peter Schiff tweeted that Bitcoin has now fallen below $90,000, a 28.5% pullback from its high; when priced in gold terms, it has fallen nearly 40%. He pointed out that this performance exposes the falsehood of the "digital gold" narrative and believes that investors will subsequently sell off their holdings. Schiff is a long-time gold advocate and frequently criticizes Bitcoin.