Peter Schiff Predicts Bitcoin Crash, Says Investors Will Abandon Hope

In his latest comments, Peter Schiff sharply criticized Bitcoin enthusiasts and CNBC analysts for overly optimistic views of the cryptocurrency’s potential. Schiff argues that Bitcoin’s current stability is solely due to investors clinging to hopes it will eventually reach gold prices. He warns this hope won’t last long and predicts a significant sell-off in the near future as investors lose patience with its lackluster performance.