RATE Group | The Pot Stock Crash Will Dent Bitcoin Price, Claims Peter Schiff
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The Pot Stock Crash Will Dent Bitcoin Price, Claims Peter Schiff

17 Nov The Pot Stock Crash Will Dent Bitcoin Price, Claims Peter Schiff

Posted at 21:25h in Bitcoin News by

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  • Bitcoin hater Peter Schiff believes that speculators will start dumping bitcoin after the pot stock crash.
  • The crypto asset and pot stocks do not have a correlation.
  • Schiff’s argument stands defeated given that the two assets have entirely different characteristics.

Peter Schiff doesn’t like bitcoin. He gets really happy whenever the price of the flagship cryptocurrency takes a hit. In fact, the market bear does not let go of any opportunity to take a swipe at the crypto asset, hoping that his actions will bring more hurt to cryptocurrency enthusiasts. His latest ploy to bring down bitcoin is comparing the cryptocurrency to pot stocks.

Source: Twitter

Schiff justifies his hatred for bitcoin using pot stock meltdown

Schiff, who is the CEO of Euro Pacific Capital, says that bitcoin will eventually follow the path of pot stocks. He believes that the rally in pot stocks seen earlier this year was driven by speculators, who were also buying the crypto asset.

The pot stock rally…

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