The post Peter Schiff Dismisses Michael Saylor’s Claims That Bitcoin Is Digital Energy appeared first on Coinpedia Fintech News
Peter Schiff, a staunch Bitcoin critic, in a latest X post, has dismissed Saylor’s claim that Bitcoin is digital energy. The Bitcoin critic dismissed Saylor’s claim that Bitcoin is digital energy. He mentioned that it is just another label, like ‘digital gold’. He believes that these terms are exaggerated and do not reflect what Bitcoin does. Schiff questioned the possibility of this description, asking how Bitcoin could ever generate power. He argued that the digital asset is more speculative than a resource capable of producing tangible energy or utility.