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Crypto Critic Calls People Who Invested in BTC Following Musk ‘Foolish’

Published 12/20/2022, 06:24 AM
Updated 12/20/2022, 06:30 AM
© Reuters Crypto Critic Calls People Who Invested in BTC Following Musk ‘Foolish’

  • Crypto critic thinks people who bought BTC because of Musk are thoughtless.

  • Schiff expressed the sentiment comparing Tesla (NASDAQ:TSLA) investor losses to Bitcoin investors.

  • Google (NASDAQ:GOOGL) data shows that the price of Tesla stock performed worse than Bitcoin.

Renowned economist and crypto critic Peter Schiff believes people who invested in Bitcoin (BTC) because Elon Musk promoted it were thoughtless, adding that Musk takes no responsibility for their incurred losses.

Schiff recently expressed this sentiment on Twitter while comparing the losses of Tesla investors to those of Bitcoin investors. In his words:

It’s not Elon Musk’s fault that investors overpaid for Tesla, and early investors still have the opportunity to cash out with huge gains. Musk also isn’t responsible for those foolish enough to buy Bitcoin, and his support of DOGE was a joke to poke fun at Bitcoin.

Entrepreneur Gordon Johnson commented that Musk misled Tesla investors into believing it would appreciate 737% and be worth more than Apple (NASDAQ:AAPL) and Saudi Aramco (TADAWUL:2222) stocks combined, only to sell $3.6 billion of Tesla stock later. Johnson added that Musk had sold nearly $40 of Tesla stock in the last five years.

The post Crypto Critic Calls People Who Invested in BTC Following Musk ‘Foolish’ appeared first on Coin Edition.

See original on CoinEdition

Latest comments

I vividly remember stinky musk buying 1.25 billion worth of bitcoin when it was 54k and tanking! I also remember he sold them at 45k losing millions! he is even terrible at pump and dump, like the doggie coins! he only cares about himself , a true Republican!
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