Gold advocate Peter Schiff just dropped another skeptical take on crypto. His view? Nearly every blockchain company is headed for bankruptcy. Why? They're not profitable, he claims. The entire sector runs on pure hype, according to him. This comes as he weighs in on the President's crypto-friendly promises. Schiff isn't buying the optimism. He sees an industry bubble, not sustainable business models. Classic Schiff—always betting against digital assets while championing precious metals.
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GateUser-1a2ed0b9
· 9h ago
Don't be too quick to write off blockchain.
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ImpermanentPhilosopher
· 12-08 15:57
It's better to be cautious when trading cryptocurrencies.
Gold advocate Peter Schiff just dropped another skeptical take on crypto. His view? Nearly every blockchain company is headed for bankruptcy. Why? They're not profitable, he claims. The entire sector runs on pure hype, according to him. This comes as he weighs in on the President's crypto-friendly promises. Schiff isn't buying the optimism. He sees an industry bubble, not sustainable business models. Classic Schiff—always betting against digital assets while championing precious metals.