Bitcoin's Long-term Value Questioned Amid Geopolitical Risks

Economist Peter Schiff has sparked debate in the cryptocurrency community by questioning the long-term value of Bitcoin. In a recent post, he pointed out that Bitcoin's performance over the past five years has lagged behind traditional assets such as equities and precious metals.

Schiff argued that even if Bitcoin were to reach $10,000 by 2026, it would still be the best-performing asset over ten years. However, a 92% decline in value would make it the worst-performing investment for many holders.

The comments come as Bitcoin prices slip below $70K amid rising global uncertainty linked to US President Donald Trump's deadline on Iran. The cryptocurrency has also seen a broad-based weakness across the crypto market, with ether and major altcoins such as Solana, XRP, and BNB experiencing declines.