Peter Schiff, a gold advocate, agrees with JP Morgan CEO Jamie Dimon's view that Bitcoin has no value. Dimon, speaking at a CNBC event in Switzerland, expressed his intention to stop discussing Bitcoin, which he associates with illegal activities, but acknowledged the validity of blockchain technology. Schiff predicts a decline in Bitcoin's price, citing that sales of Bitcoin and outflows from Grayscale's Bitcoin Trust (GBTC) exceed the inflows from new Bitcoin ETFs. Schiff also expects stringent regulations from SEC Chairman Gary Gensler, which could increase Bitcoin transaction costs and negatively impact its price.