Peter Schiff Calls Bitcoin 'Fake' — BlackRock Calls It Their Biggest Moneymaker
5 Articles
5 Articles
Peter Schiff Calls Bitcoin 'Fake' — BlackRock Calls It Their Biggest Moneymaker
Peter Schiff is back on X, swinging at Bitcoin (CRYPTO: BTC) with his greatest hits encore. This time, he argues Bitcoin isn't selling off because it's risky — but because it's “a fake asset,” pointing to the 28% drop from all-time highs while the Nasdaq sits within 2% of its own. Track BTC price here. In Schiff's framing, the $500 billion November wipeout is proof that investors are waking up and rotating into "real assets." It's punchy. It's …
Elon Musk Says Bitcoin Is True Energy Currency as Peter Schiff Labels It ‘Fake Asset’
Billionaire and Tesla co-founder Elon Musk has reignited the debate over Bitcoin’s value by calling it a true energy-backed currency. His claim clashed with Peter Schiff’s warnings as billions in short positions risk liquidation if Bitcoin climbs higher. Elon Musk Says Bitcoin’s Strength Comes From Energy Elon Musk intensified the continued discussion around Bitcoin’s real The post Elon Musk Says Bitcoin Is True Energy Currency as Peter Schiff L…
Elon Musk Sparks New Debate by Calling Bitcoin a True Energy-Backed Currency
Elon Musk has reignited the long-running debate over Bitcoins intrinsic value, describing the cryptocurrency as a true energy-backed asset. In a newly surfaced interview clip with entrepreneur Nikhil Kamath, Musk emphasized that Bitcoins strength comes from the fact that it is built on energysomething governments cannot print or fabricate. According to him, energy remains the real currency, and Bitcoin reflects that principle because creating an…
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