Peter Schiff Predicts USDT Market Cap Will Eventually Exceed Bitcoin

BTC-3.1%
According to ChainCatcher, citing BSCN, Bitcoin critic Peter Schiff recently predicted that Tether's market capitalization will eventually surpass Bitcoin, with the only uncertainty being the timeframe. Schiff attributed this to expanding stablecoin adoption in payments and settlements, which may drive demand growth faster than volatile assets like Bitcoin. Additionally, he noted that Bitcoin has found short-term support near $61,000 following recent market declines, with BTC rebounding over $2,000 from its recent low, indicating buy-side interest in this price region.
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