Bitcoin has dropped below $97,000, drawing criticism from long-time skeptic Peter Schiff, who highlighted gold's 60% rise over the same period. Schiff mocked Bitcoin's decline from its December 2024 peak of over $100,000, questioning the optimism of its supporters. He also criticized President Donald Trump's proposal to position the U.S. as a Bitcoin hub, warning of potential economic risks if the cryptocurrency market collapses. Bitcoin advocates responded by pointing out Schiff's history of inaccurate predictions, including his past forecast of a $9,000 Bitcoin bubble.