Peter Schiff Counters Michael Saylor, Debunks Bitcoin Promises

Quick Summary:

Prominent Bitcoin critic Peter Schiff and advocate for gold, has once again expressed his skepticism toward Bitcoin, following Michael Saylor’s bold prediction that it could reach $13 million per coin within the next 21 years.

Bitcoin critic Schiff’s comments on Saylor’s interview are part of his broader critique of the cryptocurrency space.

But when the supply of new buyers runs low and those who own it want or need to sell it, the lack of new demand causes the price to crash.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Peter Schiff Bitcoin Bitcoin News Michael Saylor

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 00:03:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 630 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22453194

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