Gold bug Peter Schiff got dragged on Twitter after spouting false information about bitcoin. Schiff incorrectly claimed that BTC prices have plunged 15% since June 19. By comparison, Schiff gloated that gold prices have spiked 10% during the same period. Instead of dropping, Schiff said the bitcoin price should have climbed due to a combination of "favorable press, weakness in global currency and...
Gold bug Peter Schiff has accused business news channel CNBC of trying to "dupe its audience into buying bitcoin." In a tweet, Schiff accused the business news channel of devoting more time to bitcoin relative to gold. This is despite the yellow metal having a larger market capitalization. Currently, gold is estimated to possess a market cap of over $7 trillion against the cryptocurrency's $200...
The thrown-down between bitcoin skeptic Peter Schiff and bitcoin bull Anthony Pompliano was an entertaining debate. Yet while everyone focuses on how bitcoin -- and I’ll explain why Peter Schiff is correct – he was also wrong about gold. Bitcoin is a Religion Without a Real God Peter Schiff’s primary point is that bitcoin has become akin to a religion. He insists that those holding bitcoin are...
Goldbug and fierce bitcoin critic Peter Schiff is “kicking himself” for not buying bitcoin when he first heard about it around the $10 mark. In a debate with Anthony Pompliano hosted by CNBC Crypto Trader, Schiff said: “I’m already kicking myself, I had that opportunity, I could already be a billionaire if I had only bought it back then… I should have bought it when I first heard about it.”...
The bitcoin price is once again hovering below the $10,000 level, which the bulls see as a buying opportunity and the skeptics take as a chance to make digs. Gold bug Peter Schiff is among the first to pounce and rather than buying is doubling down on his bearish sentiment. The funny thing is there are similarities between the nascent crypto market and the early days of the gold rush. Schiff is...
Goldbug Peter Schiff boasts that he has cracked the case of the plunging Bitcoin price. No, it wasn't the US government's sudden crypto scrutiny that triggered the decline - it was Peter Schiff himself! Schiff, the CEO of investment firm Euro Pacific Capital, advised a YouTube audience on Monday to buy silver and sell Bitcoin. Subsequently, the Bitcoin price went down as silver appreciated. That...
Acclaimed investor Peter Schiff has famously labeled bitcoin as "fool’s gold" and a "Ponzi scheme." But the gold bug is willing to make a 180-degree turn if presented with a persuasive and convincing argument on the cryptocurrency. In a tweet, Schiff said he will be hosting a live session on YouTube on July 15 and consequently invited willing participants to sell him on the merits of bitcoin. I...
