Former U.S. Budget Director David Stockman criticized Bitcoin's price drop from $125,000 to around $60,000, a nearly 50% decline, which challenges the notion of Bitcoin as a "store of value." He called it a "scam." In response, analysts like Willy Woo pointed out that large tech stocks have also experienced significant declines. Investor Lawrence Lepard believes that Bitcoin is currently in a transitional phase and expects its performance to outperform gold in the coming years.