How Do You Know What the Value of Bitcoin Should Be?

"I can't tell you what the value of a Bitcoin should be. How do I, how do I even know?" he says. "The US dollar right now is an exceedingly valuable currency, but it's not buttressed by the reality behind the business of the United States." He adds: "I've been around, I've seen enough currencies fail that I think that it could completely fail" 'Yes, I'd rather buy it at 17,000 than in 57,000,' Peter Schiff responds to question on whether Bitcoins are worth $40 per share.