- Euro Pacific Capital CEO Peter Schiff tweeted that buying Bitcoin is gambling.
- He refers to Elon Musk’s recent announcement of Tesla not accepting BTC payments.
- Bitcoin touched a new low this week, valued at approximately $44,295.
If a single @elonmusk tweet can have so much influence over the price of #Bitcoin how can anyone seriously consider it to be money? How can Bitcoin be a safe-haven asset if a one-word tweet puts it at risk? It should be clear by now that buying Bitcoin is gambling, not investing.— Peter Schiff (@PeterSchiff) May 17, 2021