Financial commentator Peter Schiff believes that if someone plans to buy Bitcoin in 2024, they are already late to the party. Schiff points out that gold's market cap gain is five times larger than Bitcoin's total market cap this year. However, some analysts, including hedge fund manager Mark Yukso, Fundstrat's Tom Lee, and Mike Novogratz of Galaxy Digital, predict that Bitcoin could surge higher and reach price targets of $150,000 and $100,000, respectively. Cathie Wood of Ark Invest has an extremely optimistic long-term prediction, suggesting Bitcoin could reach $3.8 million, while MicroStrategy's Michael Saylor predicts a potential skyrocketing of Bitcoin's price to $13 million by 2024 and capturing 7% of the world's capital. Schiff has also challenged Saylor to a debate about Bitcoin.
- Content Editor ( u.today )
- 2024-09-13
It’s “Very Late” to Buy Bitcoin, Schiff Says