Renowned economist and fierce Bitcoin (CRYPTO: BTC) critic, Peter Schiff, launched a no-holds-barred attack against the digital currency, going to the extent of calling it “fraud.”
What Happened: Schiff’s remark was in response to a Bitcoin-supportive post by MicroStrategy co-founder Micheal Saylor, who shared the trailer of an upcoming documentary on the asset titled "God Bless Bitcoin."
What a total scam. While it's true that the dollar is flawed, Bitcoin is even more flawed. If you're worried about the dollar, you can own gold or silver as alternatives. Bitcoin is a fraud. — Peter Schiff (@PeterSchiff) July 10, 2024