$BTC
📉 Peter Schiff Questions Bitcoin’s Scarcity Amid Unit Redefinition
According to PANews, economist Peter Schiff sparked debate on X by challenging the idea of Bitcoin’s scarcity. He proposed a hypothetical scenario:
What if Bitcoin’s supply was changed from 21 million to 21 billion, by redefining each BTC as 100,000 satoshis instead of the current 100 million?
Schiff argues that this highlights the arbitrary nature of Bitcoin’s unit structure, suggesting that real scarcity lies in the total satoshi supply, not how it's measured.