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    Peter Schiff States That Bitcoin Has Less Utility Than Pot

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

    Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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    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).

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    Related
    Bitcoin Will Suffer If ‘China Coin’ Gets Backed by Gold – Peter Schiff Responds to Max Keiser
    Sat, 11/02/2019 - 08:53
    Bitcoin Will Suffer If ‘China Coin’ Gets Backed by Gold – Peter Schiff Responds to Max Keiser
    Yuri MolchanYuri Molchan

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    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.

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    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. 

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    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. 

    #Bitcoin Price Prediction #Peter Schiff
    About the author
    article image
    Alex Dovbnya

    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 alex.dovbnya@u.today.

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