Peter Schiff States That Bitcoin Has Less Utility Than Pot

Mon, 11/18/2019 - 19:17
Alex Dovbnya
Peter Schiff believes that marijuana is still more useful than Bitcoin while insisting that both of them are bubbles
Cover image via U.Today

Peter Schiff has finally brought some clarity to the table after claiming that Bitcoin might see the same fate as plunging cannabis stocks. The famous gold bug makes it clear that pot is more useful stocks (because, well, you can smoke it and get high).

Bitcoin Will Suffer If ‘China Coin’ Gets Backed by Gold – Peter Schiff Responds to Max Keiser

Hence, marijuana makes it to the list of things that, according to Schiff, are inferior to Bitcoin. Earlier, he compared the cryptocurrency that started it all to a tennis ball, claiming that the former had less utility.

When crypto Twitter started to fight back, Schiff took a jab at unrealistic price predictions that were popping up during the peak of the crypto bubble

Peter Schiff Reacts to Sudden Bitcoin Price Drop: "Get Ready for the Dump!"

As reported by U.Today, the Bitcoin permabear predicted recently predicted the orange coin could tank all the way down to $200, also saying that the market is grossly manipulated by deep-pocketed whales. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at

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