Economist Peter Schiff called Bitcoin (CRYPTO: BTC) a “fake asset” on Sunday, distinguishing it from risk-off technology stocks.
In an X post, Schiff said Bitcoin’s ongoing slump isn't due to its risk-off sentiment, but rather to its lack of intrinsic value. “Bitcoin isn't selling off because it's a risk asset, but because it's a fake asset,” Schiff argued.
Be the first to comment