Peter Schiff, a well-known critic of Bitcoin and CEO of Euro Pacific Capital, has once again expressed skepticism regarding Bitcoin's supply cap of 21 million. His comments spark discussions among investors, but the market remains stable overall.
Critique of Bitcoin's Diminishing Value
In a series of posts on July 11, 2025, Peter Schiff stated that the figure of 21 million Bitcoins is arbitrary. He claims that the perceived scarcity of Bitcoin is more psychological than objective. Schiff emphasizes that if the smallest units of Bitcoin, satoshis, are taken into account, the perceived scarcity changes.
> "Bitcoin’s scarcity is about perception, not reality." - Peter Schiff, CEO, Euro Pacific Capital
Market Remains Stable
Despite Schiff's statements, there has been no significant change in the digital asset market. Bitcoin reached new all-time highs on July 11, 2025, and numerous companies began to increase their purchases, contributing to institutional inflows. Many market participants dismiss Schiff's criticisms as 'old rhetoric.'
Expert Opinions on the Future of Cryptocurrency
Arthur Hayes, co-founder of BitMEX, also commented on the situation, expressing a bullish outlook despite temporary liquidity drains due to U.S. Treasury activities. Hayes suggested that ETH may outperform in the upcoming altcoin season. Cryptocurrency markets remain robust primarily due to institutional investments and macroeconomic conditions rather than debates about Bitcoin's supply.
Despite Peter Schiff's critiques, the cryptocurrency market continues to evolve, supported by institutional investments and advancements in technology. The debates over Bitcoin's supply have had little noticeable impact on its market positions.
