Peter Schiff Criticizes Bitcoin's Value and Stability

Peter Schiff has voiced criticism of Bitcoin, arguing that the push for cryptocurrency regulation is more about gaining government legitimacy than exercising self-restraint. According to NS3.AI, Schiff contends that Bitcoin lacks intrinsic value, is highly volatile, and is not a suitable reserve asset when compared to gold. He also predicted that institutional interest in Bitcoin would decrease over time. Additionally, Schiff pointed out that Bitcoin's price has declined relative to gold over the past four years.