$BTC Peter Schiff criticized Bitcoin's perceived scarcity by calling the 21 million supply cap arbitrary in a series of online posts on July 11, 2025.

Schiff’s critique of Bitcoin's 21 million supply cap highlights ongoing doubts about its scarcity. This has sparked discussions among investors, although the market and Bitcoin's price remain largely influenced by institutional activities.

Peter Schiff, the Bitcoin critic and CEO of Euro Pacific Capital, renewed his skepticism this week. He criticized Bitcoin’s 21 million cap, suggesting its scarcity was merely psychological. His comments came as Bitcoin hit new all-time highs on July 11, 2025.

Cryptocurrency markets remain robust despite Schiff’s criticism, mainly due to institutional investments and macroeconomic conditions rather than debates on Bitcoin's supply. Bitcoin and ETH’s market positions appear stable in light of NFT market dynamics and emerging technological trends.