Peter Schiff: BTC has no value, but people will buy it because its price is rising
Famous financial commentator and CEO of Euro Pacific Capital, Peter Schiff, wrote: "The working principle of Bitcoin is as follows. We create something without value and artificially limit its supply. Then we all pretend it has value and buy it. Others see the price rise, so they also buy it. Then we all hold onto it (HODLing), hoping that everyone continues to pretend it has value."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump: Trade negotiations with India are ongoing
All three major U.S. stock indexes closed higher.
Nvidia launches new chip system to boost AI video and software generation
Trending news
MoreCrypto prices
More
