Bitcoin may rise to $10 million
Schiff, known for his constant criticism of Bitcoin, surprised with his new price prediction
With Bitcoin hovering around the 42 thousand dollar range, activity is also observed in altcoins that have entered the recovery process. However, Bitcoin has not yet determined its course. This shows that uncertainty continues in the cryptocurrency market.
Peter Schiff: "Bitcoin can reach $10 million"
Economist Peter Schiff, known for his critical attitude towards Bitcoin, surprised his followers this time by making a daring price prediction of $ 10 million for Bitcoin.
In his post shared on his X account, Schiff claimed that if the US dollar collapses, the price of Bitcoin could rise to $10 million.
Comparing Bitcoin to gold in his post, Schiff stated that Bitcoin enthusiasts continue to evaluate the growth of the cryptocurrency positively despite price fluctuations. Additionally, Schiff put forward a scenario in which he compared the performance of gold and Bitcoin, stating that Bitcoin supporters tend to interpret every situation positively.
Schiff's criticisms of Bitcoin are not limited to price performance. He consistently maintains that Bitcoin has no intrinsic value and bases its value solely on collective belief and its limited supply. At this point, it also reflects the general skepticism among economists.
