Peter Schiff States That Bitcoin Has Less Utility Than Pot

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Mon, 11/18/2019 - 19:17
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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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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

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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.