Chief economist and global strategist, Peter Schiff has made a startling prediction regarding Bitcoin, albeit with a condition. The popular economist has revealed that BTC could potentially achieve a monumental price value of $10 million if the United States dollar depreciates due to hyperinflation.
Bitcoin To Surge $10 Million If Dollar Collapses
In a recent X (formerly Twitter) post, a crypto investor raised the question of Bitcoin potentially skyrocketing to $10,000,000 by 2031. Responding to the inquiry, Schiff acknowledged the possibility of such a scenario, however, only if the US dollar experienced a similar hyperinflation event as the German Papiermark.
The German Papiermark was the official currency of Germany in 1914 when the country’s gold standards were terminated. Due to hyperinflation, the currency depreciated significantly, causing millions of citizens to go bankrupt and forcing the government to opt for a different currency.
This hypothetical scenario implies t
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