{"id":39681,"date":"2025-07-31T04:46:33","date_gmt":"2025-07-31T04:46:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39681"},"modified":"2025-07-31T04:46:33","modified_gmt":"2025-07-31T04:46:33","slug":"peter-schiff-says-bitcoin-is-like-tech-stocks-but-without-potential-of-earnings-as-investors-digest-meta-microsoft-numbers","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39681","title":{"rendered":"Peter Schiff Says Bitcoin Is Like Tech Stocks But Without &#8216;Potential Of Earnings&#8217; As Investors Digest Meta, Microsoft Numbers"},"content":{"rendered":"<div>\n<p>Noted economist and gold advocate <strong>Peter Schiff <\/strong>deemed <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) a &#8220;digital tech stock&#8221; with no earnings potential on Wednesday.<\/p>\n<p><strong>What happened<\/strong>: In an X post, Schiff argued that Bitcoin\u2019s price movements are highly correlated with those of technology stocks, despite it not being an \u201coperating business\u201d with revenue and earnings.<\/p>\n<p>&#8220;It\u2019s also amazing how negatively correlated it is to gold, even though it\u2019s hyped as digital gold,&#8221; Schiff said, questioning the long-touted narrative by Bitcoiners.\u00a0<\/p>\n<p>He called the apex cryptocurrency a &#8220;digital tech stock without even the potential of earnings.&#8221;<\/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\">It amazing how correlated Bitcoin is to tech stocks, even though it&#8217;s not an actual operating business. It&#8217;s also amazing how negatively correlated it is &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46745730\/peter-schiff-says-bitcoin-is-like-tech-stocks-but-without-potential-of-earnings-as-investor\" alt=\"Peter\" schiff says bitcoin is like tech stocks but without of earnings as investors digest meta microsoft numbers>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Noted economist and gold advocate Peter Schiff deemed Bitcoin (CRYPTO: BTC) a &#8220;digital tech stock&#8221; with no earnings potential on Wednesday. What happened: In an X post, Schiff argued that Bitcoin\u2019s price movements are highly correlated with those of technology stocks, despite it not being an \u201coperating business\u201d with revenue and earnings. &#8220;It\u2019s also amazing [&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-39681","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\/39681","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=39681"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39681\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}