RE: Peter Schiff Loves To Slam Bitcoin
Schiff's stance against Bitcoin mirrors that of the likes of Warren Buffett. The idea is Bitcoin (and all cryptocurrency) has no intrinsic value. In other words, on its own, it is worthless. This is the case often made against fiat currencies like the USD.
Fiat has intrinsic value however artificial that may be. It's legal tender after all. But Bitcoin has intrinsic value as well. Gold has intrinsic value, too.