Peter Schiff, a vocal Bitcoin critic and CEO of Euro Pacific Capital, has doubled down on his skepticism, labeling the "Bitcoin as digital gold" narrative a scam. Schiff argues that Bitcoin fails to perform like precious metals, exhibiting far greater volatility and risk. According to Schiff, Bitcoin's price surges lack fundamental justification, unlike tech stocks where future profitability can be assessed. He believes Bitcoin's value is purely speculative, making it an "ultra-high-risk asset" with "no clear use." Schiff also predicted the eventual bankruptcy of Strategy (formerly MicroStrategy), the largest corporate Bitcoin holder. He suggests their massive BTC holdings will ultimately lead to their financial downfall. This highlights Schiff's continued bearish outlook on Bitcoin's long-term viability and its perceived resemblance to a high-stakes gamble. ```

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