Peter Schiff Slams Bitcoin Super Bowl Ad, Sparks Discussion

Peter Schiff criticized the Bitcoin Super Bowl ad, accusing him of false advertising of the claim that Bitcoin is supported by energy. He claimed that Bitcoin neither shops could nor be redeemed for energy, calling for an intervention of FTC. In response, Victor Dan, CFA, pointed out that Bitcoin relies on decentralized computer power, which requires energy. Schiff rejected it as a semantic, claiming that Bitcoin resembles a Fiat currency, a supported faith, not a tangible property like gold. This caused a renewed discussion of Bitcoin’s inner value, especially since the main promotions like the Super Bowl advertisement intensified Crypto -Domet.