Schiff cited a downturn in the price of Bitcoin-linked equity markets without specifying a time frame for his shared data.
Gold proponent Peter Schiff has questioned market pundits who have set a Bitcoin price target of $100,000 in the current bull run.
Schiff also took a dig at spot Bitcoin (BTC) exchange-traded funds (ETFs) and the demand created by the products in the current market.
Schiff is a known Bitcoin critic and often questions its market value and real-world use cases. Schiff called out analysts who claimed the BTC price could surpass $100,000, boosted by the significant demand created by spot BTC ETFs.