Peter Schiff bashes bitcoin again, says recent party will soon end
Peter Schiff, a well-known critic of bitcoin and advocate of gold, has caused a stir in the crypto community with a recent tweet implying that the recent crypto party will soon end. Schiff thinks the party will end soon On Twitter, Peter Schiff, the CEO of Euro Pacific Capital and a prominent critic of bitcoin (BTC) and cryptocurrencies, shared his thoughts about the recent surge in highly speculative investments, which includes bitcoin . Schiff’s tweet garnered attention from the crypto community, as he has been known to be skeptical of digital assets for a long time. Until recently the rally in highly speculative assets excluded #Bitcoin. Now that Bitcoin has finally joined the party, perhaps it's a sign that the party will soon end. Usually rallies end when the lowest quality stuff finally participates. There's no lower quality than #crypto. — Peter Schiff (@PeterSchiff) June 23, 2023 Observers were surprised by his comment, considering the billionaire ha...