In comments made on social media, Peter Schiff, known for his support of gold, declared that the era of the Bitcoin fad is over. This statement came as Bitcoin's value dropped below $60,000 again. Schiff suggested that those who promote Bitcoin are running out of explanations for its decline, especially after a 6% drop following the weekend sell-off theories. Additionally, he drew attention to the favorable performance of gold compared to the largest digital currency. Despite Schiff's perspective, Bitcoin has shown some recovery, re-establishing the $62,000 threshold. The overall sentiment in the crypto market remains pessimistic, with a forthcoming halving event and geopolitical tensions adding to the bearish outlook. Moreover, Bitcoin ETFs have seen continued outflows, with Fidelity's FBTC outperforming BlackRock's IBIT in inflows and Grayscale's GBTC facing a significant decline.