Peter Schiff Questions Bitcoin’s Value Amid Market Uncertainty

Economist and gold advocate Peter Schiff has weighed in on a recent statement by Pierre Rochard, Riot Platforms Vice President. Rochard suggested that the complete decline of Ethereum’s value presents challenges to the notion that new cryptocurrencies with greater utility could ultimately surpass Bitcoin. Schiff countered by asserting that all digital tokens, including Bitcoin, lack intrinsic value, arguing that this lack of foundation contributes significantly to their price fluctuations.