Crypto Daily – The ($BTC) price made a new all-time high, and stopped just short of $104,000 on Wednesday, as the world’s premier cryptocurrency burst through the $100,000 resistance for the first time. Where to next for Bitcoin?
Peter Schiff eats his words
Peter Schiff, economist, bug and perennial Bitcoin hater, once said that Bitcoin will never get to $100,000. Today, he is being forced to eat those words, as the king of the cryptocurrencies powered through $100,000 on Wednesday. Schiff even blamed Bitcoin’s meteoric rise on the government, posting on X recently, that it only got to $100,000 “by buying off politicians, and getting in bed with government.”
Schiff may want to take a look at the incredibly strong buying that is coming just from the U.S. Spot Bitcoin ETFs. They bought another $555.8 million worth of Bitcoin on Wednesday. This is not government; it’s institutions and retail.
Schiff’s main argument that Bitcoin is nothing; that it…
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