Bitcoin Surges Past $121,000 as Peter Schiff Predicts Market Meltdown

Bitcoin’s recent surge past the $121,000 mark has sparked both excitement and warnings from seasoned critics. Veteran gold advocate Peter Schiff warns of a potential market collapse due to speculation rather than fundamental value, claiming it is the biggest investment scam in history. Market analysts suggest a breach of the $125,000 threshold could lead to further price gains. However, Schiff believes these valuations are precarious and expect a sudden and sharp decline.