Peter Schiff(@PeterSchiff):Yesterday’s big Bitcoin rally following the SEC’s tokenized stock announcement makes no sense. The news is actually bearish for Bitcoin, which must now compete with tokenized securities. Digital ownership of tokens backed by profitable, dividend-paying companies is a superior, more reliable store of value than a token backed by nothing. Tokenized stocks offer all of the conveniences of Bitcoin, but without the risk of a decentralized Ponzi scheme collapsing.

Peter Schiff

@PeterSchiff

Chief Economist & Global Strategist Chairman Founder Host Best-selling Author

Joined July 2009

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Peter Schiff@PeterSchiff

2026.09.19 12:38

Yesterday’s big Bitcoin rally following the SEC’s tokenized stock announcement makes no sense. The news is actually bearish for Bitcoin, which must now compete with tokenized securities. Digital ownership of tokens backed by profitable, dividend-paying companies is a superior, more reliable store of value than a token backed by nothing. Tokenized stocks offer all of the conveniences of Bitcoin, but without the risk of a decentralized Ponzi scheme collapsing.

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