Peter Schiff Decodes ‘Flawed’ Logic of Bitcoin Going to Millions Per Coin
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Peter Schiff recently expressed his skepticism regarding the Bitcoin community's argument related to the US National Debt. Bitcoin proponents believe that the BTC price will rise to millions per coin as the Federal Reserve may soon resort to money printing, thereby increasing the national debt. Schiff finds this logic flawed.
He addressed the belief that future monetary policies will lead to a significant BTC price increase, criticizing it as misguided. Schiff is a well-known Bitcoin critic and his recent commentary continues his critique of the digital currency and its projections.
Schiff's stance challenges the optimistic outlook held by many in the Bitcoin community, showcasing the divided opinions within the financial world regarding the future of cryptocurrencies.
Source: coingape.com ↗
