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Bitcoin

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<ul class="news-points"> 
 <li>Peter Schiff calls Bitcoin ‘nothing’ following a statement by Mike Novogratz.</li> 
 <li>Schiff likens Bitcoin’s popularity to a ‘cult’ in a controversial tweet.</li> 
 <li>Dan Victor defends Bitcoin’s role as digital gold in the Twitter exchange.</li> 
</ul> 
In a recent post on X, Peter Schiff, a renowned crypto critic and economist, made a provocative statement regarding <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a>, asserting that it is not a resource and essentially amounts to nothing. Schiff made the remark following a statement from Mike Novogratz, CEO of Galaxy Digital and an early investor in Bitcoin. 
Specifically, the crypto critic mentioned that Novogratz has expressed a view he agrees with about Bitcoin. According to Schiff, Novogratz stated that Bitcoin is not something people inherently need but rather something that is sold to them through persuasion. 
Schiff added, “No one needs Bitcoin. So, people only buy it after someone else talks them into doing so. Then once they buy, they immediately try to convince others to buy too.” Therefore, the crypto critic likened Bitcoin’s popularity to that of a cult. 
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 Finally <a href="https://twitter.com/novogratz?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@novogratz</a> got something right about <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>. He admitted that it's not bought, but sold. No …
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The post <a rel="nofollow" href="https://coinedition.com/bitcoin-worth-in-question-as-economist-peter-schiff-declares-it-nothing/">Bitcoin Worth in Question as Economist Peter Schiff Declares It ‘Nothing’</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Bitcoin Worth in Question as Economist Peter Schiff Declares It ‘Nothing’

Coin Edition

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