Crypto Hater Peter Schiff Is Certain That Bitcoin Has Less Utility Than Tennis Ball

Libra Coin News
Wed, 09/04/2019 - 06:46
Alex Dovbnya
Anthony Pompliano is not getting tired of dismantling Peter Schiff’s anti-Bitcoin arguments
Cover image via twitter.com

Everybody and his uncle was glued to the screen during the US Open. However, instead of commenting on Roger Federer’s surprising defeat during the semifinals or literally any other captivating event, Pacific Capital CEO Peter Schiff decided to draw a comparison between a tennis ball and (you guessed it) Bitcoin.

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According to the multimillionaire gold bug, who is infamous for constantly bashing crypto, BTC has less intrinsic value than a tennis ball. He also added that it would be impossible to make the US Open trophy out of Bitcoin.

  Morgan Creek Digital co-founder Anthony Pompliano was quick to respond that precious metals are only used for jewelry and trophies while Bitcoin will fulfill the role of a global currency.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.