ilmscore | Prediction Details
"So, it's not real scarcity, but also, scarcity in and of itself doesn't make something valuable, right? I mean, I can make an original Peter Schiff drawing and it could be a one-of-a-kind, but you know, scarce, there's only one of them, but what the hell is it worth? I don't know what I mean, I'm not Picasso. I don't know what people are going to pay for it. You need demand. You need scarcity, and you need to have a lot of demand."
By Coin Bureau | November 23, 2025 | Incorrect
From video
Peter Schiff Warns: Bitcoin ETFs Face Major Outflows + Altcoin Risks Ahead 00:22:58 - 00:23:21
Interpreted Prediction
Scarcity alone does not guarantee value; demand is also crucial, and Bitcoin's demand is primarily driven by speculation.
AI Evaluation Notes
The prediction suggests that Bitcoin's value is driven by speculation and questions its long-term value due to scarcity alone. As of January 11, 2026, the price of Bitcoin is $42836, a decrease from the initial price of $86824.47, and indicating a decrease in demand.

Prediction Details

Ticker
BTC
Initial Price
86,824.47 USD

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