Bitcoin Formula to Make Everyone Rich from Peter Schiff!

Financial commentator Peter Schiff, known for his critical stance towards Bitcoin, drew a sarcastic scenario and explained how all Bitcoin investors will become millionaires.

Peter Schiff included remarkable statements in his X post dated May 29. Creating a sarcastic stream, the anti-Bitcoin name shared the scenario that would make everyone rich.

He stated that if all publicly traded companies in the United States sell 100% of their assets, lay off all their employees, and buy Bitcoin entirely from their income, the Bitcoin price will reach millions of dollars.

This, he claimed, would significantly increase the market value of U.S. stocks and make everyone rich:

What if every publicly traded US company sold 100% of its assets, shut down its operations, laid off all its employees, and used the proceeds to buy Bitcoin? Bitcoin will then be worth millions. Additionally, the market value of US stocks will rise rapidly. We would all be rich in this scenario.

Through this post, Schiff created a sarcastic agenda against those who think that the whole world will turn to Bitcoin and that it will be the money of the future.