Peter Schiff Sparks Bitcoin Debate by Challenging Its Supply Limit

Key Points

1. Peter Schiff labels Bitcoin's 21 million supply limit as 'arbitrary' and argues it could be altered.

2. Bitcoin reached an all-time high of $118,000, prompting Schiff's comments on social media platform X.

3. Schiff suggests that the supply limit is a decision by the community and not an unchangeable rule.

4. The debate raises questions about the practicality of changing Bitcoin's supply, given miners' economic incentives.

5. The discussion highlights ongoing volatility and differing opinions within the crypto market.