According to Foresight News, economist and gold advocate Peter Schiff has commented on a statement by Riot Platforms Vice President Pierre Rochard. Rochard suggested that the complete retracement of ETH/BTC challenges the notion that new cryptocurrencies with higher utility could surpass Bitcoin. Schiff responded by asserting that all tokens, including Bitcoin, lack intrinsic value, which he believes is the reason for their significant price declines.

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