Key Takeaways Peter Schiff argued bitcoin cannot be considered “cheap” because it lacks traditional valuation metrics such as earnings, yield, or book value. Schiff warned that steep declines in Strategy’s stock and preferred shares signal growing risks for bitcoin-linked investment vehicles. Bitcoin supporters counter that the asset should be valued as a scarce monetary network rather than through conventional financial metrics. Peter Schiff Challenges Bitcoin Valuation Claims After Price Weakness Economist and gold advocate Peter Schiff renewed his criticism of bitcoin on June 23, targeting the narrative that recent price drops have made the asset inexpensive. His critique focused on …