{"id":24663,"date":"2025-05-01T09:46:46","date_gmt":"2025-05-01T09:46:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24663"},"modified":"2025-05-01T09:46:46","modified_gmt":"2025-05-01T09:46:46","slug":"peter-schiffs-bitcoin-rejection-is-no-surprise-but-the-economist-once-called-dogecoin-a-superior-cryptocurrency","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24663","title":{"rendered":"Peter Schiff&#8217;s Bitcoin Rejection Is No Surprise\u2014But The Economist Once Called Dogecoin A &#8216;Superior&#8217; Cryptocurrency"},"content":{"rendered":"<div>\n<p><strong>Peter Schiff<\/strong> has been one of the most outspoken critics of <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), questioning the apex cryptocurrency&#8217;s value proposition and investment rationale of those holding it.\u00a0<\/p>\n<p>The dislike has been to such an extent that he once termed <strong>Dogecoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\">DOGE<\/a>), a meme-based cryptocurrency, as superior to Bitcoin.<\/p>\n<p><strong>What happened: <\/strong>In an X post in February 2021, Schiff traded his guns on Bitcoin advocates who <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/21\/02\/19505772\/elon-musks-dogecoin-tweets-worry-crypto-community-situation-seriously-damaging\">expressed concern<\/a> over tech billionaire<strong> Elon Musk\u2019s<\/strong> social media promotion of Dogecoin<\/p>\n<p>One of the critics was <strong>Galaxy Digital<\/strong> CEO <strong>Mike Novogratz, <\/strong>who dubbed Dogecoin a <a href=\"https:\/\/www.cnbc.com\/2021\/02\/10\/elon-musk-dogecoin-tweets-disconcerting-bitcoin-bull-nic-carter-says.html\">&#8220;joke&#8221;<\/a> and a risk-laden investment in contrast to Bitcoin, which had a &#8220;real purpose,&#8221; per a CNBC report.<\/p>\n<p>Schiff found these arguments ironical, noting that there was no distinction between Bitcoin and Dogecoin.<\/p>\n<p>&#8220;In fact, Dogecoin, despite its being started as a joke, is arguably the superior cryptocurrency,&#8221; Schiff stated.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">All of &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45127948\/peter-schiffs-bitcoin-rejection-is-no-surprise-but-the-economist-once-called-dogecoin-a-su\" alt=\"Peter\" schiff bitcoin rejection is no surprise the economist once called dogecoin a cryptocurrency>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff has been one of the most outspoken critics of Bitcoin (CRYPTO: BTC), questioning the apex cryptocurrency&#8217;s value proposition and investment rationale of those holding it.\u00a0 The dislike has been to such an extent that he once termed Dogecoin (CRYPTO: DOGE), a meme-based cryptocurrency, as superior to Bitcoin. What happened: In an X post [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24663","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24663"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24663\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}