Gold advocate Peter Schiff has expressed skepticism towards claims by market analysts predicting that Bitcoin could reach a price of $100,000 during its current bull run. Schiff, a vocal critic of Bitcoin, challenged the notion that the cryptocurrency could achieve such a milestone, particularly attributing the expected surge to the demand generated by spot Bitcoin exchange-traded funds (ETFs). In his critique, Schiff pointed to the lackluster performance of several Bitcoin-related stocks, such as Coinbase, MicroStrategy, and Galaxy Digital, highlighting their recent declines despite the overall enthusiasm around Bitcoin. On a post dated April 16 on the social media platform X,
Bitcoin 2024: Boom or bust? Experts weigh in
