Bitcoin’s Brief Spikes On Alleged Good News Quickly Reversed, Notes Peter Schiff: ‘How Many More Times Will The Crypto Lemmings Be Fooled’

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Peter Schiff, a prominent gold advocate, has once again expressed his skepticism about Bitcoin (CRYPTO: BTC), suggesting that the leading cryptocurrency holds no real-world utility. What Happened: On Thursday, Schiff took to Twitter to voice his thoughts on Bitcoin. He dismissed the idea that a spot Bitcoin ETF would fuel its adoption, asserting that it merely enables speculative betting on price movements. He criticized CNBC for downplaying the fact that “gambling doesn’t count as a use case for a currency.” See Also: Seasonal Tokens: The Intersection Of Sustainability And Islamic Finance Thi…

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