Peter Schiff Slams Bitcoin As ‘Fake Asset’ Amid Price Drop, Accuses CNBC of 'Hosting Bitcoin Shills’

Peter Schiff is still attacking Bitcoin | Source: Veronica Cestari Key Takeaways Peter Schiff renewed his attack on Bitcoin. Bitcoin has had a rapid 5% drop. Analysts pointed to a possible December BOJ rate hike and weakening yen as a catalyst rattling crypto markets. Longtime critic Peter Schiff renewed his attack on Bitcoin this week, labeling it a “fake asset” and accusing media outlet CNBC of ignoring mounting evidence of its structural weaknesses. Schiff’s remarks came as Bitcoin fell almost ...