Peter Schiff Declares Bitcoin a ‘Total Scam,’ Citing Government Influence

Peter Schiff, a prominent critic of cryptocurrencies, has reaffirmed his conviction that Bitcoin (BTC) is nothing more than a scam. In his latest commentary, he argues that the current high price is largely driven by government-directed money flows rather than genuine market value. 💰 He points to the U.S. government’s policies, particularly their actions on liquidity and stimulus, as key factors behind Bitcoin’s surge.