Popular Bitcoin hater Peter Schiff has once again called Bitcoin a fake asset.
Peter Schiff is a famous Bitcoin critic. He supports the Gold & Gold ETF fund. As we know, Bitcoin supporters usually compare Bitcoin to gold and call it digital gold, but Schiff hates Bitcoin. Over the past decade, many people have shifted a significant portion of their investments from gold to Bitcoin, which is why almost all gold supporters hate Bitcoin.
On April 2, 2024, Peter Schiff took to X (formerly Twitter) and claimed that Bitcoin was a fake asset. This Bitcoin critic notes a recent interview covered by news outlet CNBC in which many financial experts praise Bitcoin as the best asset while others praise it as a bad asset. Reviewing CNBC interviews and reports about Bitcoin, Peter said that Bitcoin’s true nature is determined by public perception.
Simply put, if someone says Bitcoin is a fake asset, that’s fake, and if someone says it’s a good investment asset, that’s good.
In his last words, Peter said that Bitcoin is a fake asset, which is his view.
This is not the first time Peter has expressed his anger about Bitcoin. Earlier this month, he claimed that while CNBC was mainly reporting news about Bitcoin, the trading price of gold also rose significantly.
It has been spotted several times that people have been claiming that this economist has been using Bitcoin-related issues to discuss across socialist media platforms just to attract attention.
As we know, Bitcoin has successfully secured government-level recognition in US jurisdictions, as the US securities regulator, the Securities and Exchange Commission (SEC), selected nine Bitcoin spot ETF applications in January this year. In response, numerous people and organizations started. Express your interest in this digital asset.
It is worth noting that some non-US fund managers are in talks with US fund manager firms to offer investments in Bitcoin through BTC ETF products in countries where Bitcoin is not legal or recognized by any laws. .
Also Read: Bitcoin Falls 8% After News of US Government Selling 30,000 BTC. Adam Back says this is good for Bitcoin.