According to CoinMeta, economist Peter Schiff warns that the price of Bitcoin could fall below $10,000, despite growing political and institutional support. He believes the market may have already peaked. In a recent interview, Schiff stated that Bitcoin has failed to gain momentum over the past two years, despite the support of Donald Trump, the launch of the U.S. Strategic Bitcoin Reserve program, and the introduction of spot Bitcoin futures. He pointed out that Bitcoin recorded losses for the first time in history for two consecutive years, falling by about 6.5% last year and by about 18.5% so far this year. Schiff believes that political support and institutional participation have not driven up Bitcoin prices and expects Bitcoin to face a deeper correction, possibly finding a bottom after falling below $50,000 and $40,000. He also warned that as speculative investors and leveraged traders withdraw, Bitcoin could eventually fall below $10,000. He advises investors to sell their Bitcoin holdings and wait for further price declines before considering re-entering the market. Schiff believes that the value of Bitcoin mainly depends on market demand and speculation, rather than revenue or cash flow. Despite his pessimistic view of Bitcoin, Schiff expects gold and silver to benefit from rising inflation.