Krueger's post was clear, albeit slightly provocative on the subject: he draws a parallel with the "Crime of 1873," the period when gold definitively dethroned silver as the global standard. In his view, Bitcoin is simply version 2.0 of this evolution: having buried metallic money 150 years ago, gold will be the next victim by 2035, followed by the dollar being discarded by 2045. Optimistic? Rather.
But for Peter Schiff, Bitcoin's archenemy, Bitcoin won't even reach the 2035 milestone. He predicts not only the protocol's demise but also the ruin of everyone who foolishly believed in it
Bitcoin has seen an increase of 2.3%, reaching $93,323 during the night of January 4 to 5, a value that marks its highest level since December 11 of last year. This rise comes as markets react to the growing political uncertainty related to the arrest of Nicolรกs Maduro.
This rise in BTC is not isolated, and other cryptocurrencies, such as Ethereum (ETH), have also seen their values climb. A sign that the entire crypto market could benefit from the current geopolitical situation, even if all of this remains fragile and some observers are already warning against a dead cat bounce.
In any case, the arrest of the president of Venezuela by the United States has revived tensions between the two nations and their respective allies. Such events often create uncertainty in traditional markets but can paradoxically benefit cryptocurrencies, journalists from Bloomberg point out.