Driven by roaring demand from Wall Street and retail Internet buyers, Bitcoin\u2019s price continues to mark fresh milestone highs in July. On Monday its price soared to a record $123,000.<\/p>\n
Beyond reaching fresh all-time highs, Bitcoin daily trading volume drenched exchanges as the average trade price began to settle down to the $117,000 level.<\/p>\n
Investing in BTC has been very profitable for nest egg retirement savers, casual retail altcoin traders, and serious corporate investors, like Michael Saylor\u2019s Strategy Inc. Bitcoin\u2019s market cap in realized gains tapped<\/a> the $1 trillion mark over the week.<\/p>\n In other words, the total value of all the circulating Bitcoin, cost based over the last time each piece of it moved on chain, was a mouth-watering $1 trillion in July.<\/p>\n But Euro Pacific Capital founder and chief, Peter Schiff, wasn\u2019t impressed by Bitcoin\u2019s feat. He has made a name for himself among crypto investors by trash talking Internet hash currencies.<\/p>\n Even as Congress moved to pass the stablecoin bill named the GENIUS Act, he characterized the move as a cynical ploy by special interests to \u201chype Bitcoin\u201d and offload worthless tokens onto the public at a profit for early investors.<\/p>\n Meanwhile, as BTC prices traced historic records, the foreign equities expert and gold bug said that it\u2019s not Bitcoin\u2019s strength, but the dollar\u2019s weakness reflected in the new record prices.<\/p>\n <\/a>Source: X<\/a><\/p>\n His argument to advance this theory is that Bitcoin is only marking records in dollars, \u201cnot in euros or Swiss francs.\u201d He contends that only proves the dollar is falling behind its European cousins. He also pointed to what he sees as a bubble of over wrought crypto speculation stateside.<\/p>\n Bitcoin investors like that it moves up in price when the dollar weakens in the international currency float or over Fed inflation to target lower interest rates. But Schiff warns it\u2019s a \u201cPonzi\u201d scheme built on a house of cards.<\/p>\n The post Peter Schiff: Bitcoin Price Record Highlights US Dollar Weakness<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Driven by roaring demand from Wall Street and retail Internet buyers, Bitcoin\u2019s price continues to mark fresh milestone highs in July. On Monday its price soared to a record $123,000. Bitcoin\u2019s Price Flies To New Highs Beyond reaching fresh all-time highs, Bitcoin daily trading volume drenched exchanges as the average trade price began to settle […]<\/p>\n","protected":false},"author":0,"featured_media":82367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82366"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82366"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/82367"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Peter Schiff Says Hello Dollar Weakness<\/h2>\n
![<\/a>Source:](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-20-at-18.44.52.png\"){kind=link}