'No One Needs Bitcoin', Peter Schiff Downplays BTC Price Surge
2025-07-14 15:41:44
Main Idea
Peter Schiff criticizes Bitcoin's recent price surge, emphasizing his support for silver, while Bitcoin reaches a record high of $123,231 with analysts predicting further growth.
Key Points
1. Peter Schiff dismisses Bitcoin's price surge, stating 'No One Needs Bitcoin' and highlights silver's rise to its highest level since February 2012.
2. Bitcoin hits a record high of $123,231, with a market valuation of $2.41 trillion, before slightly retracing.
3. 10x Research CEO Markus Thielen sets a year-end Bitcoin price target range of $140,000 to $160,000 but notes risks from the U.S. Federal Reserve's hawkish policies.
4. Bitcoin's price surge coincides with broader crypto market developments, including institutional interest and regulatory discussions.
Description
Bitcoin recently topped $123,000
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