Peter Schiff Claims Bitcoin Supply Cap is Meaningless Despite Recent Gains
Bitcoin has achieved its strongest weekly close in history, rising above $123,000, but prominent critic Peter Schiff remains skeptical. He argues that Bitcoin’s 21 million supply cap is ‘meaningless,’ shifting focus to the importance of the Satoshi count instead. Meanwhile, Bitcoin’s performance outshines Schiff’s silver recommendations, boasting a remarkable 12.2% weekly gain. This scenario underscores the ongoing debate between traditional assets and cryptocurrencies, with Bitcoin continuing to assert its position in the market. As this dialogue evolves, investors must consider contrasting perspectives about the future value and stability of cryptocurrencies.