When Bitcoin skeptic Peter Schiff started yet another rant about Bitcoin today, it was too much for Galaxy CEO Mike Novogratz. As a salty Schiff began calling Bitcoin’s capped supply “meaningless” and “arbitrary,” Novogratz fired back:
“Why do you hate $BTC so much? You have been wrong on it for a decade. A flexible mind is a healthy mind. Admit you were wrong. It’s liberating.”
Schiff, a long-time critic of Bitcoin and the industry’s most infamous goldbug, has built a reputation on his unwavering skepticism toward the world’s number-one crypto. Even as Bitcoin repeatedly sets new all-time highs, recently surging past $118,000, Schiff has doubled down on his bearish outlook, arguing that Bitcoin is “digital fool’s gold” with no real utility compared to precious metals.
The latest silver push
Then last week, as Bitcoin reached historic levels, Schiff publicly advised investors to sell their BTC and buy silver instead. He claimed that silver offered more upsid
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