Prominent Bitcoin critic Peter Schiff has forecasted a bleak four-year outlook for the cryptocurrency, arguing that the "digital gold" narrative has failed. Schiff highlighted that Bitcoin's purchasing power relative to gold has decreased by 46% since its peak in 2021. Echoing this sentiment, Bloomberg's Mike McGlone labeled Bitcoin as "dead money," pointing to its weak returns and high risk. These assessments contribute to a bearish market sentiment from influential voices in the financial sector.