The famous chief economist and Bitcoin skeptic, Peter Schiff He is making headlines again with his latest controversial statement Mocking BTC. In an X (formerly Twitter) post filled with sarcasm, Schiff proposed a radical scenario where everyone gets rich after companies in the US sell their entire assets to invest in Bitcoin.
Shiv says sell everything, buy bitcoin
In stabbing him Share XSchiff described a hypothetical scenario in which all publicly traded companies in the United States would completely shut down their operations, fire all of their employees, and sell 100% of their assets. He went so far as to suggest that these companies use all proceeds from the sale Buy Bitcoin.
According to Schiff, if such a scenario occurred, Bitcoin could be worth millions of dollars, and the market value of Bitcoin would rise. US stocks will riseWhich led to everyone becoming rich.
In response to the hypothetical scenario, a member of the cryptocurrency community explained that all Bitcoin holders would be wealthy, but Schiff is not. But Shiv responded saying He will also benefit from this scenario, as he has made significant investments in US oil stocks, which he expects to rise significantly if US companies liquidate and buy Bitcoin.
Is also Confirm The illogicality of the narrative, noting that while everyone might become rich, there would be no goods and services available, and no one would own anything.
Schiff's sarcastic statements continue his tradition of what he believes is the instability and absurdity of the cryptocurrency market. He was a famous chief economist Bitcoin critic For years, he has often mocked cryptocurrency and its supporters, while also… – Urging investors to choose other investment alternatives Such as gold and stocks.
Cryptocurrency investors expect BTC to come out on top
Despite Schiff's usual hostile rhetoric about… Bitcointhe cryptocurrency has been standardized a bit Less than $68,000 threshold. A cryptocurrency investor and avid BTC supporter, known as “The Bitcoin Therapist,” recently took to X to express an optimistic outlook on… Future value of Bitcoin.
Crypto investor a statement Bitcoin is poised for significant upward momentum, anticipating a $10,000 to $20,000 increase in a single green candle any moment from now.
He believes that the current market is significantly undervaluing BTC, which highlights that Cryptocurrency has been standardized For more than two months amid great buying pressure. At the time of writing this report, Bitcoin price It is trading at $67,570, according to CoinMarketCap.
Despite the market volatility, the Bitcoin processor remains confident of a potential breakout, emphasizing this BTC's next explosive top It will be fast and big. he is too He added Once BTC crosses the $75,000 price level, more bullish momentum is expected for the cryptocurrency. “I've never been more optimistic. It's at all-time lows for fiat currencies and all-time highs for Bitcoin,” the cryptocurrency investor said.
Featured image created with Dall.E, chart from Tradingview.com