Economist Peter Schiff remained skeptical about Bitcoin’s (CRYPTO: BTC) surge past $110,000 Monday, insisting that he will eventually be proven right about the apex cryptocurrency’s downfall.
What Happened: Schiff took to X to comment on Bitcoin’s latest rally, asking, “Bitcoin is back above $110,000, what’s up with that?”
Soon critics swarmed on Schiff’s post, mocking his Bitcoin skepticism. “It will soon be above the [market cap] of Gold and there’s nothing you can do about it,” said one user with a pseudonym CRYPTOWARRIOR.
I don’t have to do anything about it. It’s extremely unlikely to ever happen, especially with gold’s market cap rising. I’ll eventually be proven right,” Schiff replied.
Another X user Grams told Schiff that his legacy stands “destroyed” due …