Veteran economist and longtime Bitcoin skeptic Peter Schiff has used the collapse of theCLARITY Act to renew his attack on the cryptocurrency, arguing that Bitcoin’s problem was never regulatory ambiguity but the asset itself.
In May, billionaire investor Mark Cuban sold off nearly all his Bitcoin (CRYPTO: BTC), declaring that it had failed as a hedge against inflation. At the time, Bitcoin was down approximately 40% from its all-time high of $126,000 in October.
