Galaxy Digital CEO Mike Novogratz reignited a long-running feud with economist and gold advocate Peter Schiff after the latter criticized Биткойн but once more.
Schiff dismissed Bitcoin’s fastened provide as “arbitrary,” prompting Novogratz to reply on X:
“Why do you hate $BTC a lot? You’ve been flawed for a decade. Admit it—it’s liberating.”
Schiff’s Bitcoin skepticism spans over a decade
Peter Schiff has earned a status as certainly one of Bitcoin’s loudest critics. Since at the very least 2011, he’s repeatedly referred to as Bitcoin a bubble, a Ponzi scheme, and “digital idiot’s gold.” Regardless of being flawed about each main rally—together with the latest surge above $118,000—Schiff refuses to shift his stance. He stays dedicated to gold, arguing it holds intrinsic worth whereas Bitcoin doesn’t.
The stress grows with every worth milestone
Whilst Bitcoin’s adoption accelerates and institutional inflows climb, Schiff continues to argue that it’s a fad with no actual utility. In the meantime, Novogratz and different crypto advocates see Bitcoin because the digital evolution of onerous cash—scarce, decentralized, and more and more mainstream.
The back-and-forth underscores the rising divide between conventional asset champions and the brand new wave of crypto-native traders. As Bitcoin enters worth discovery, that stress is barely prone to develop.
Kosta has been working within the crypto trade for over 4 years. He strives to current completely different views on a given subject and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced protection of occasions and developments within the crypto house, offering info to his readers from a impartial perspective.
