[Peter Schiff: USDT Market Cap Will Eventually Surpass Bitcoin, BTC Finds Short-Term Support Around $61,000] BlockBeats News, June 4, according to BSCN, long-time Bitcoin critic Peter Schiff recently stated that Tether's market cap will not only surpass Ethereum in the future but will eventually exceed Bitcoin as well. He believes the only uncertainty lies not in the outcome but in how long the process will take to complete. Schiff noted that as the use of stablecoins in payments, transaction settlements, and digital dollar circulation continues to expand, the market demand for USDT may grow at a faster pace than for volatile assets like Bitcoin. He maintains that Bitcoin lacks intrinsic value, whereas stablecoins have more clearly defined uses in practical financial activities. However, Schiff also mentioned that after the recent market downturn, Bitcoin has found short-term support around $61,000. BTC has rebounded more than $2,000 from its recent low, indicating some buying support in this range. [Original Link]