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Bitcoin: Why Schiff’s prediction about Halving and BTC’s price is wrong

  • Peter Schiff opined that Bitcoin’s price might not gain from the event.
  • Despite its high value, an important metric revealed that buying BTC might remain profitable.

Outspoken Bitcoin [BTC] skeptic Peter Schiff has come out with another prediction, saying that the coin’s supply would not be cut in half by the halving.

Schiff posted this on X (formerly Twitter) on the 12th of March, highlighting his reasons.

According to him, 90% of the total Bitcoin supply already exists. Therefore, the only thing left to cut is the supply growth, not Bitcoin’s.

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