Euro Pacific Capital CEO Peter Schiff has cautioned Bitcoin buyers that hope is never ‘a good investment strategy’ in response to a poll posted by Quantum Economics Mati Greenspan.
Schiff lambasted Bitcoiners over their delusion after 42 percent of all respondents voted that Bitcoin would outpace the Dow Jones Industrial Average (DJIA) and his beloved gold is on track to new all-time highs.
“This just shows you how delusional Bitcoin bugs are. Given how much further Bitcoin is from its record high relative to the Dow Jones or gold, they still expect it to make a new high first. Hope is never a good investment strategy,” he said.