I saw Peter Schiff's comments on Bitcoin's recent rise, and honestly, it's classic coming from him. The economist doesn't hide his disbelief in this rally; he truly believes it's just pure greed driving people to buy. According to him, no one should be naive enough to invest in this, but still, it keeps going up.

Schiff attributes this increase to two things: investor greed on one side, and this fear of missing out (the famous FOMO) on the other. It's a perspective often heard among crypto skeptics. What's interesting is that his doubts reflect a broader trend among some traditional financial experts who are really questioning the viability of this growth.

The guy has been a fierce critic of cryptocurrency from the start, so his positions don't surprise anyone in the field. But it clearly shows how there's always this gap between those who see potential and those who think it's just speculative greed. Interesting to see how these two narratives coexist in the market.