Peter Schiff Slams Bitcoin's 21 Million Cap: "It's All Smoke and Mirrors!"

"21 Million or 21 Billion? It's All the Same Scam!"

Gold guru Peter Schiff is at it again, tearing into Bitcoin's so-called scarcity like a bull in a china shop. He's calling the 21 million supply cap a total sham, saying the crypto's scarcity is nothing but a mirage!

This long-time Bitcoin basher dropped a bombshell, suggesting that if you just tweaked the numbers from 21 million coins to a whopping 21 billion, the whole economic game wouldn't change one bit.

"What if Bitcoin's supply was 21B instead of 21M? Redefining each BTC as 100K satoshis (not 100M) keeps the satoshi supply the same. Would it still feel scarce?" Schiff fired off on X. He's adamant that the supply of Bitcoin is "actually meaningless," and it's all about the satoshi supply, baby!

Schiff's not buying Bitcoin's scarcity hype, claiming it's all in our heads. That 100 million satoshi per Bitcoin? Just a mind game messing with investors!

This economist is ready to blow the lid off Bitcoin's scarcity myth, saying if you just show 21 billion units instead of 21 million, the whole house of cards would come crashing down. He's taking a sledgehammer to Bitcoin's store-of-value claim.

While Bitcoin's been flexing its muscles, Schiff's got his eye on gold, which he says is just taking a breather. And get this, silver's been giving Bitcoin a run for its money, and Schiff's all in on silver too!

When folks threw Bitcoin's recent performance against gold in Schiff's face, he brushed it off, saying, "gold has taken a temporary pause. Meanwhile, silver is beating Bitcoin. I own silver too."

"Bitcoin's Just Another Tech Stock Rollercoaster!"

Schiff's not mincing words, labeling Bitcoin a total risk asset that's riding the tech stock wave, not some safe haven. He's pointing fingers at NVIDIA hitting all-time highs and the QQQ ETF flirting with record levels as proof that Bitcoin's just another speculator's plaything.

"CNBC is once again touting Bitcoin's recent outperformance of gold. But Bitcoin is a risk asset — it rallied with tech stocks," Schiff blasted. He's saying gold's steady-as-she-goes vibe is the real deal when the market's playing fast and loose.

Schiff's not letting up, hammering home that CNBC's all about Bitcoin's gold-beating brag. But he's shouting from the rooftops that Bitcoin's just another tech stock rollercoaster. NVIDIA's breaking records, QQQ's knocking on heaven's door, and in the midst of all that, gold's just chilling, proving it's the real safe haven.

And don't sleep on silver, folks. Schiff's hyped about it hitting nearly $38 an ounce, the highest since way back in March 2012. But he's also calling out the precious metals mining stocks, saying they're getting no love because "investors are being distracted by Bitcoin."