Part 11/14:

Schiff states that Bitcoin's peak in 2021 at $69,000—roughly equivalent to $4,000 in gold—was the height of its bubble. Since then, Bitcoin has declined by approximately 18-20% from its peak when priced in gold, suggesting that Bitcoin’s real long-term value remains questionable compared to the enduring stability of gold.

He predicts that Bitcoin’s volatility and correlation with risk assets make it unsuitable as a safe haven, unlike gold, which maintains intrinsic and historical value. Schiff offers a "gentleman's bet": if gold outperforms Bitcoin in 2023, he wins; if Bitcoin surpasses gold by year's end, he promises to publicly concede.