‘Total Scam’: Peter Schiff Issues Brutal Bitcoin Verdict
From Investing.com
May 6, 2025 5:00 pm:
Renowned investor Peter Schiff has labeled Bitcoin a “total scam,” claiming it has no intrinsic value and is a speculative bubble waiting to burst. Schiff believes that Bitcoin’s meteoric rise is unsustainable and warns investors to avoid the cryptocurrency. Despite facing criticism, Bitcoin continues to gain popularity among retail and institutional investors.
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