Tag Archives: Peter Schiff

The United States Securities and Exchange Commission (SEC) imposing a penalty of $1.26 million on reality star Kim Kardashian carries an important message about the regulator’s conviction on cracking down on sketchier corners of the cryptocurrency world. While many in the community acted in disbelief, others felt Kardashian was an easy target and that the SEC should have targeted the creators of EMAX instead. Peter Schiff, on the other hand, had a rather bizarre take on the...

It’s 2022 and bitcoin is not starting the new year off well. The currency – which was recently trading for as much as $51,000 per unit just last week – has fallen to about $47,000 at press time. That’s $4,000 off its price in a rather limited period, and many are wondering if this is an ugly sign of things to come. Bitcoin Enters 2022 a Little Shaky Bitcoin is performing worse than it has in the past seven months, according to many analysts. The currency has fallen by...

In a somewhat surprising turn of events, the full-time bitcoin critique Peter Schiff acknowledged that BTC’s price could have another impressive leg up by reaching $100,000. In a recent interview with Coin Stories, the ‘gold bug’ also touched upon his regrets about the cryptocurrency but ultimately remained as bearish as he ever was. The Debate: Bitcoin Vs. Gold Peter Schiff is known for many things – from calling the 2008 financial crisis to supporting gold on every...

Michael Saylor’s initiative to continue buying more and more bitcoins makes no sense, argued the full-time BTC basher – Peter Schiff. Following the latest development coming from MicroStrategy, in which the company outlined plans to allocate another $1 billion in the asset, the prominent economist called Saylor “truly insane.” Schiff to Saylor: Truly Insane If you have followed the cryptocurrency markets even vaguely in the past year, two names should be popping out as the...

Bitcoin fans have a lot to celebrate these days. Apart from the skyrocketing price in recent months, the community saw several pro-bitcoin endorsements from (former?) critiques. Peter Schiff finally admitted he was wrong, Anthony Sassano replaced his ETH holdings with BTC, and Litecoin rebranded its product to BitcoinLite. And, all of these milestones, and more, happened on one particular day – April 1st. Schiff Was Wrong about Bitcoin There’s no other way to start this...

Who would have ever thought that bitcoin could be the cause of so many riffs in families? A big one is occurring between father and son… A master investor and his likely protégé. The fight involves Peter Schiff, a known bitcoin hater, and his son Spencer Schiff, who is now going against his father’s words and investing all his funds into the world’s number one digital currency by market cap. Peter Schiff Is Not Happy About His Son’s BTC Investments The world of...

Peter Schiff tweeted today that his son, Spencer Schiff, went all-in on Bitcoin during the last drop below $50,000. According to his father, a full 100% of his portfolio is now invested in Bitcoin. The elder Schiff has been a long-time Bitcoin detractor. However, his child’s interest in cryptocurrencies may expose him to some new ideas.Selling Silver For BitcoinMany long-time followers of the cryptocurrency industry know Peter Schiff as a public Bitcoin bear, consistently in the news talking...

Bitcoin recently became a trillion-dollar asset as its price also surged past $57,000. A few hours later, ETH made headlines as it crossed the coveted $2K mark. Several other cryptocurrencies have also performed well. Tesla’s CEO, Elon Musk, is of the opinion that the prices of both digital currencies are high.Pro-gold and anti-bitcoin economist Peter Schiff is at it again. The chairman of Schiff Gold is renowned for his relentless anti-bitcoin tweets. He once termed bitcoin “the biggest...

Peter Schiff, a well-known economist, gold proponent, and one of the most vocal opponents of Bitcoin, admitted that he was wrong about Bitcoin not hitting $50,000.Bitcoin’s Price Hits $50K For the First Time in HistoryFor the absolute first time since its inception, Bitcoin has hit the coveted $50,000 mark. The price has since retraced a bit but is still charting an increase shy of 3% on the daily. This has also brought the 7-day gains of BTC to about 7%.As CryptoPotato reported earlier...

While the $1.5 billion bitcoin purchase from Tesla caught most crypto insiders and outsiders by surprise, Binance CEO Changpeng Zhao actually predicted the move over a month ago. Simultaneously, full-time BTC basher Peter Schiff was wrong (again) as he said that Elon Musk would not be “dumb enough” for such a move.CZ Was Wright About Tesla’s BTC PurchaseArguably the biggest news in the crypto industry this week came from the Palo Alto, California-headquartered electric vehicle and clean...