Bitcoin Bubble Bigger Than The Dot-Com Era As Apex Crypto’s Valuation Tops $2 Trillion: Peter Schiff
Posted On December 17, 2024
Influential economist Peter Schiff called Bitcoin (CRYPTO: BTC) the biggest bubble ever on Monday, surpassing even the dot-com bubble of the late 1990s.
What Happened: Schiff, a staunch Bitcoin critic, expressed his views on the soaring valuation of the world’s leading cryptocurrency. He noted that the market capitalization of Bitcoin was over $2 trillion, which is higher than the combined market of around 400 dot-com companies at their peak before they went bankrupt.
“Congratulations, Bitcoiners, on blowing the biggest bubble ever!” Schiff jabbed Bitcoin investors.