Peter Schiff: The thing about Bitcoin is that it's worthless is that it can do almost nothing.

According to Odaily Planet Daily, Peter Schiff, senior economist and founder and chief market strategist of Euro Pacific Asset Management & Schiff Gold, said: "What makes Bitcoin worthless to me is that it can do almost nothing. Sure, you can transfer coins to each other, and the system is intelligent, but ultimately, the Bitcoin I transfer is useless."