Peter Schiff criticizes Bitcoin’s supply cap of 21 million, labeling it ‘meaningless.’ He believes adjusting the total supply and Satoshi units could affect Bitcoin’s perceived scarcity.
Despite Schiff’s claims, Bitcoin recently hit a record high of 123,000 USD. His predictions of Bitcoin’s collapse have repeatedly failed as the cryptocurrency continues to show robust growth.
Prominent investors like Warren Buffett remain skeptical of Bitcoin, whereas advocates like Changpeng Zhao emphasize its long-term potential, highlighting its significant appreciation since the 2022 bear market.
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