'Gold Bull' Peter Schiff Claims Bitcoin 'Lacks Intrinsic Value And Is Destined To Fail'

Gold advocate Peter Schiff doubled down on his Bitcoin (CRYPTO: BTC BTC - $62706.807 skepticism, arguing that the leading cryptocurrency lacks intrinsic value and is destined to fail. What Happened: In a recent Bankless podcast, Schiff, a longtime gold bull, contended that Bitcoin's ease of transfer actually undermines its value proposition.

Source: benzinga.com

Related symbols: BTCUSD

2024-09-11 16:53:02 GMT.

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Price & Market Data

Price: $62706.807

Volume 24h: $43,850,281,364.91

Market Cap: $1,238,854,485,977.66

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.