Cryptocurrency expert Peter Schiff questions Bitcoin’s long-term investment viability, citing its recent price decline against gold and the lack of stability within the market. While some positive developments like ETF approvals have been seen, Schiff argues that Bitcoin has experienced significant depreciation compared to gold’s value, casting doubt on its ability to act as a secure investment option during uncertain economic times. He further points to institutional investors’ struggles with Bitcoin’s volatility, highlighting their lack of success in stabilizing the cryptocurrency’s price despite substantial investments. Schiff suggests caution for those considering Bitcoin as an investment due to its volatile nature and potential for significant losses. Despite recent developments like ETF approvals, Bitcoin’s price remains uncertain, hindering it from fulfilling a secure storage function similar to gold.