Peter Schiff: Mark Cuban’s Crypto Fraud Case Is Just the Beginning 

Peter Schiff shared his views on the lawsuit against Mark Cuban, which allegedly inflicted financial losses on investors.

Popular Bitcoin anti-Peter Schiff believes that Mark Cuban’s story is just the beginning, and his people have warned that once the Bitcoin (BTC) bubble bursts, all the people who lost money in the cryptocurrency industry will try to win back some of it by suing people who promoted certain projects. warns. That’s why he thinks the Mark Cuban case will set an example.

Peter Schiff: This Case Is Just the Beginning

Peter Schiff made a post on Twitter about the Mark Cuban case, which allegedly inflicted financial losses on investors with a ponzi scheme.

“I have been warning for years that once the Bitcoin bubble has completely deflated, all people who lose money in the crypto industry will sue those who make money,” Schiff wrote. Lawyers always win.” said.

The famous Bitcoin critic also believes that Cuban knows how dangerous investments in Bitcoin can be. He says the businessman knew it was a “scam” but still decided to promote certain projects.

Schiff says he was surprised that Cuban used the market opportunity and his name to profit from the crypto frenzy, as he thought the Shark Tank star had more than enough money to live happily without tying his name to cryptocurrency scams.