There's this person named Peter Schiff who talks about money stuff. Lately, he's been saying that gold is doing really well, but Bitcoin, which is a type of computer money, isn't doing so well. He thinks people who believe in Bitcoin should "wake up and smell the bear market," which means he thinks they should be more careful because it might not be a good time to invest in it. Read from source...

1. Contradictory view of Bitcoin: Peter Schiff downplayed the value of Bitcoin in comparison to Gold's rise. While it's true that Bitcoin has experienced a significant decline, Schiff's argument ignores the fact that Bitcoin has proven to be a long-term store of value, and with new developments like Layer 2 scaling solutions and advancements in NFTs and DeFi, Bitcoin may still be in its early stages. Additionally, Schiff doesn't consider other use-cases for Bitcoin such as international payments or avoidance of high transaction fees.

2. Inflation hedge argument: Schiff highlights Gold as an inflation hedge, however, this claim is questionable. While Gold has traditionally been seen as a store of value against inflation, the digital asset, Bitcoin, has shown to be far more resilient to inflationary pressures due to its limited supply, increasing adoption and utility.

3. Timing the market: Schiff is notorious for timing the market and calling for imminent crashes, while ignoring major bullish indicators such as continuous growth in adoption and the massive funds flowing into the industry.

4. Lack of context: Schiff's statement lacks context and fails to provide a broader perspective on the market. With news of new all-time highs for Dogecoin and the overall market cap of cryptocurrencies reaching over 2 trillion dollars, it's clear that cryptocurrencies are here to stay and are not likely to be bear markets forever.

5. Emotional language: Schiff uses words like 'HODLers' and 'gold bug' which reflect his personal emotional attachment and prejudice towards Gold and Bitcoin. Instead of making rational arguments, he resorts to name-calling and sarcasm.

Overall, Peter Schiff's argument about Bitcoin being in a bear market and Gold being the way to go lacks solid evidence and rational arguments. It appears to be driven by personal beliefs, market timing strategies and a failure to consider alternative perspectives and long-term trends in the market.