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Benzinga
Benzinga
Business
Aniket Verma

Peter Schiff Says Bitcoin Is Like Tech Stocks But Without 'Potential Of Earnings' As Investors Digest Meta, Microsoft Numbers

Peter Schiff Bitcoin Meta Gold Nasdaq
Golden,Ray,Of,Light,Illuminate,A,Bitcoin,,The,Money,Of

Noted economist and gold advocate Peter Schiff deemed Bitcoin (CRYPTO: BTC) a "digital tech stock" with no earnings potential on Wednesday.

What happened: In an X post, Schiff argued that Bitcoin’s price movements are highly correlated with those of technology stocks, despite it not being an “operating business” with revenue and earnings.

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