Bitcoin's price has recently dipped below $70,000, settling around $68,000 amid rising geopolitical tensions, particularly related to Iran. Peter Schiff, Chief Economist and Global Strategist at Euro Pacific Capital, has reignited the debate over Bitcoin's long-term value, asserting that it has underperformed against traditional assets such as the Nasdaq Composite and S&P 500. He expressed skepticism about Bitcoin's investment potential, stating that if it ends 2026 at $10,000, it would still be the best-performing asset over ten years, but a 92% decline would render it the worst investment for many holders. Schiff emphasized the limited upside potential for Bitcoin while highlighting significant downside risks, contrasting it with gold, which he views more favorably. The broader cryptocurrency market also faced declines, with Ethereum down nearly 3% and other altcoins experiencing similar downturns. Despite this volatility, institutional demand for Bitcoin remains strong, as evidenced by ongoing inflows into US-listed Bitcoin ETFs, indicating sustained long-term interest.