Bitcoin experienced a remarkable increase, surpassing the $70,000 mark this week as financial markets responded to the intensifying tensions between the United States and Iran. In light of this surge, Peter Schiff has reiterated his skepticism towards Bitcoin, suggesting that such a rally might create false hopes for investors amid wartime instability. Previously, Schiff cautioned that Bitcoin reaching over $71,000 could be a deceptive signal and advised investors to divest from Bitcoin in favor of gold or silver.