Peter Schiff Calls Bitcoin ‘Fake’ — BlackRock Calls It Their Biggest Moneymaker

Peter Schiff is back on X, swinging at Bitcoin (CRYPTO: BTC) with his greatest hits encore. This time, he argues Bitcoin isn’t selling off because it’s risky — but because it’s “a fake asset,” pointing to the 28% drop from all-time highs while the Nasdaq sits within 2% of its own.

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In Schiff’s framing, the $500 billion November wipeout is proof that investors are waking up and rotating into “real assets.” It’s punchy. It’s dramatic. And it might be aging badly in real time.

Peter Schiff Doubles Down As Bitcoin Pulls Back

Schiff is using the slump from $110K to $81K as his victory lap moment, insisting it exposes Bitcoin’s hollowness.

Full story available on Benzinga.com