Peter Schiff Continues His Negative Comments on Bitcoin

One of the commenters on X asked Peter why he hates Bitcoin so much, and he replied:

"It's not that I hate Bitcoin itself. I hate the speculative mania for Bitcoin, which has led to a massive redistribution of wealth, which will cause millions of people to lose amounts of money far greater than they can afford, and which will tarnish the image of sound money and libertarian principles."

He also suggested that MSTR will soon collapse. Peter believes that the US government will not buy Bitcoin, which will lead to massive selling of Bitcoin by investors.

"Saylor will be forced to accelerate his leveraged Bitcoin purchases to prevent a collapse. But this will only delay it until MSTR collapses first," Schiff said.