Peter Schiff accidentally predicted bitcoin’s growth to $ 94,000

Famous economist Peter Schiff has often been at odds with the cryptocurrency community because of his unwavering support for gold and skepticism about bitcoin BTC $56,894.97 Bitcoin -0.78% Market capitalization $1.12 trillion VOL. 24 hours $1.15 billion . Nevertheless, the expert inadvertently predicted an optimistic outlook for the market’s flagship — a scenario in which its value could soar to $ 94,000.

Schiff traditionally targeted bitcoin and its holders in his X platform thread. However, among his comments, a statement slipped in — a figure that attracted the attention of both crypto enthusiasts and skeptics: $ 94,000.

In a post on the X platform addressed to bitcoin holders, Schiff said that while gold’s «minuscule» $ 25 increase may seem insignificant, its recent 3% two-day gain equates to roughly $ 450 billion in total market capitalization.

«Bitcoin pundits are mocking today’s paltry $ 25 rise in the gold price. But after Friday’s $ 39 rise, this 3% two-day gain represents about $ 450 billion in total market capitalization,» Schiff wrote.

Aiming to take a shot at bitcoin, Schiff said: «To match this dollar growth, bitcoin would have to rise by about $ 23,000 to $ 94,000.»

The bitcoin community quickly reacted to Schiff’s remarks, taking it as a prediction for the BTC price in the coming days. As crypto enthusiast Chad Steingraber noted: «1 BTC is going to hit 100,000 soon.»

Although Schiff’s comment was most likely made in jest, this figure is not entirely without merit. Bitcoin has been experiencing rapid growth lately, shattering skeptics' expectations and reaching valuations that once seemed impossible.