Bitcoin critic Peter Schiff warns that the Bitcoin price could drop to $40,000, calling it a fragile and emotion-driven bubble. He compares Bitcoin's 50% decline from its 2025 high to the strong performance of gold, noting that amid macroeconomic uncertainty, funds are increasingly shifting toward traditional safe-haven assets. While supporters see this decline as a normal cyclical adjustment, Schiff believes that Bitcoin prices are highly susceptible to political sentiment and other factors.