If You Invested $1,000 In Bitcoin When Peter Schiff Said BTC Would Never Hit $100K, Here’s How Much You’d Have Now
Leading cryptocurrency Bitcoin (CRYPTO: BTC) smashed through the $100,000 milestone Wednesday, Dec. 4, adding to the list of all-time highs the crypto has passed since the 2024 presidential election.
What Happened: Many cryptocurrency investors and analysts were quick to celebrate Bitcoin reaching the $100,000 milestone, a key moment in the history of the sector.
One of the names that voiced their opinion on the milestone was economist Peter Schiff.
“It’s ironic that #Bitcoin only hit $100k by buying off politicians and getting in bed with government. Without expected government intervention, this milestone never would have been hit. What couldn’t be done in a free market was achieved through the cohesive power of the state,” Schiff tweeted.
The tweet received a Community Note on X with users pointing out that government intervention has influenced crypto and Bitcoin for years both positively and negatively.
“Schiff’s claims are biased speculation. The SEC specifically is facing legal action for market suppression, directly …
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