Prominent Bitcoin critic and Euro Pacific Capital CEO Peter Schiff has made a bold prediction that stablecoin Tether (USDT) will eventually surpass both Ethereum (ETH) and Bitcoin (BTC) in market capitalization. In a statement reported by crypto news service BSCN, Schiff framed the question not as ‘if’ but ‘when’ this flip will occur, arguing that the growth in USDT’s market value could make the overtaking inevitable. He also noted that Bitcoin has found short-term technical support around the $61,000 level.
Schiff’s latest remarks align with his long history of skepticism toward Bitcoin, which he has repeatedly labeled a speculative asset with no intrinsic value. His focus now shifts to stablecoins, particularly Tether, whose market cap has expanded significantly in 2024 and 2025. USDT remains the largest stablecoin by market capitalization and is widely used for trading, remittances, and as a store of value in volatile markets. A scenario where USDT surpasses Bitcoin would indicate a fundamental shift in how market participants value crypto assets, potentially prioritizing utility and stability over speculative growth.
At the time of reporting, Bitcoin is trading in a range that has historically acted as both resistance and support. Schiff’s observation that BTC found support near $61,000 reflects recent price action, with traders closely monitoring whether the cryptocurrency can maintain this level. The broader crypto market continues to be influenced by macroeconomic factors, including interest rate decisions and regulatory developments, which affect investor sentiment toward risk assets like Bitcoin.
While Schiff’s prediction is speculative, it highlights a real trend: the growing role of stablecoins in the crypto ecosystem. Tether’s market cap has grown steadily, driven by demand for a dollar-pegged asset accessible across exchanges and DeFi platforms. If the trend persists, stablecoins could challenge the dominance of traditional cryptocurrencies, reshaping the landscape for investors and regulators. However, Tether has faced ongoing scrutiny over its reserve transparency and regulatory compliance, which could pose challenges to its long-term growth.
Market experts emphasize that despite the expansion of the stablecoin market, Bitcoin still maintains its position as the largest and most influential digital asset. Schiff’s remarks reignite the debate between the rising role of stablecoins and Bitcoin’s long-term market dominance, while investors continue to closely monitor capital flows and market capitalization rankings.
