Peter Schiff reminds us all of the great lie of shitcoin – the crypto winter may last as long as a Nania winter
By Tom Winnifrith | Monday 21 November 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The great lie pushed by those supporters of bitcoin and other crypto currencies was that supply of bitcoin was limited by the halving formula. So, we were assured that while promoters of shares or funds or any other asset would always match demand with new supply, bitcoin was different. Of course, that was just misleading.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.