Peter Schiff Will Accept He Was Wrong About Bitcoin If Restaurants Begin To Show Prices In Satoshis Among Other Things
Portfolio Pulse from Aniket Verma
Economist Peter Schiff, a known Bitcoin critic, suggests he might change his stance if Bitcoin becomes a mainstream payment method, such as being used in restaurants. Despite acknowledging Bitcoin's potential to reach $100,000, he remains skeptical, favoring gold over Bitcoin ETFs.
September 09, 2024 | 4:01 am
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Peter Schiff, a prominent Bitcoin critic, suggests he might change his view if Bitcoin becomes widely used as a payment method. Despite Bitcoin's potential to reach $100,000, he remains skeptical, favoring gold over Bitcoin ETFs.
Schiff's comments highlight a potential shift in perception if Bitcoin gains mainstream adoption as a payment method. However, his skepticism and preference for gold suggest a neutral short-term impact on Bitcoin's price.
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