Peter Schiff calls the midterm elections the 'final pin' of the Bitcoin bubble

Peter Schiff renewed his long-standing claim that bitcoin is a bubble, calling the U.S. midterm elections—held on Nov. 3, with all House seats and part of the Senate on the ballot—the "final pin" that could pop it, in a post on X reported by BeInCrypto. Schiff argued artificial intelligence has real value while bitcoin does not, framing the elections as the trigger for a collapse. The "bubble" and "final pin" language is his own metaphor rather than a claim backed by specific market data or metrics. The article cites no token prices, market cap, trading volumes or other figures to support the view. What to watch next is whether the post-election period brings the drawdown Schiff predicts, or whether bitcoin again defies his bubble thesis.