Peter Schiff claims Bitcoin, for all practical purposes, peaked out about four or five years ago, with its November 2021 high of $69,000 being lower than its current price 4.5 years later.

Peter Schiff states Michael Saylor spent $5.5 billion buying Bitcoin over five years, with an average cost of $76,000 and change, and is currently down about 13% at $66,000.

Peter Schiff claims that in terms of gold, Bitcoin is more than 60% lower than its 2021 peak.

Peter Schiff notes that two years ago, gold was $2,000 an ounce, and today it is $5,000, representing a 150% move upwards.

Peter Schiff believes the air is coming out of the Bitcoin bubble.

Peter Schiff identifies the fatal flaw of Bitcoin as having no fundamental value, contrasting it with gold's intrinsic utility and properties.