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Bitcoin Hits New Heights, Yet Some Remain Skeptical

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by Giorgi Kostiuk

an hour ago

This week, Bitcoin caught attention again by hitting $121,186. However, not all experts share an optimistic view on its rise.

Bitcoin's Price Surge

This week, Bitcoin reached a record price of $122,335 before settling at $121,186. This indicates continued growth of the cryptocurrency and its approach to historical highs.

Criticism and Concerns

Peter Schiff, a well-known Bitcoin critic, described the price surge as 'the biggest investment scam in history.' He continues to express doubts about the real value of Bitcoin and its market sustainability.

More people getting sucked into the biggest investment scam in history.Peter Schiff

The Future of Bitcoin and Its Structure

Some experts point to the evolving market structure where ETFs and companies holding Bitcoin in their treasury create new dynamics. This raises questions about what will happen to these structures in case of price drops.

Despite the price surge, opinions about Bitcoin's real value remain divided. Critics like Peter Schiff highlight the risks associated with changing market conditions and potential price declines.

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