Bitget App
Trade smarter
Peter Schiff: BTC has no value, but people will buy it because its price is rising
2024/01/25 08:40
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."
1
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$115,955.04
-0.16%
Ethereum
ETH
$4,661.57
-0.21%
XRP
XRP
$3.12
+0.59%
Tether USDt
USDT
$1
-0.02%
Solana
SOL
$240.7
+0.72%
BNB
BNB
$931.12
+0.73%
USDC
USDC
$0.9996
-0.01%
Dogecoin
DOGE
$0.2908
+7.31%
Cardano
ADA
$0.9324
+2.92%
TRON
TRX
$0.3498
-0.41%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now