Bitcoin Is Backed by Nothing? Peter Schiff Revives Old War

Crypto & Finance · 2026-09-06T20:43:43.000Z

Peter Schiff reopens the Bitcoin backing controversy. He argues spent mining energy backs nothing, even as US debt climbs past $40 trillion.

Peter Schiff reopens the Bitcoin backing controversy. He argues spent mining energy backs nothing, even as US debt climbs past $40 trillion. Source: https://finance.yahoo.com/markets/crypto/articles/bitcoin-backed-nothing-peter-schiff-204343801.html