Tag Archives: Peter Schiff

Peter Schiff is once again coming after bitcoin and calling it out as a fraudulent currency.Peter Schiff: You Can’t Buy Anything with BTCSchiff has never been a big fan of bitcoin, so his latest words shouldn’t come as a major concern or surprise for bitcoin holders. Recently, the financial commentator and stockbroker explained that bitcoin is a phony currency in that you cannot buy anything with it.His latest words come via Twitter as a response to a message from one his followers. The...

The well-known economist and gold proponent Peter Schiff took it to Twitter to explain why high inflation rates won’t cause an increase in Bitcoin’s price.Bitcoin Is Not An Inflation Hedge: Peter SchiffWorld-renowned economist and author, Peter Schiff, took yet another chance to bash Bitcoin – something he’s been doing openly for quite some time now.In his latest Twitter post on the matter, the expert argues that increasing inflation rates won’t bring Bitcoin’s price up.Inflation results in...

Peter Schiff’s blind skepticism toward Bitcoin would be better applied to the mainstream media. The self-professed ‘gold-bug’ and vocal Bitcoin critic speculated that cryptocurrency advocates would be eagerly anticipating Paul Tudor Jones’ appearance on CNBC on May 11.Schiff said Bitcoiners would be hoping for a price pump, following revelations that the hedge fund manager recently revealed he had bought into Bitcoin.Schiff tweeted:“It looks like #Bitcoin pumpers are front-running the Paul...

Prominent American economist and well-known Bitcoin critic, Peter Schiff, believes that the price of the asset will drop following the upcoming halving. He reasoned that the demand will fall after the event, which will result in a bearish BTC future.Schiff Predicts A Price Drop For BTC (Again)As Cryptopotato reported recently, the primary cryptocurrency is outperforming gold in terms of yearly gains. Although both assets have marked increases in 2020, BTC is up by 23%, while the precious...

Popular gold proponent and well-known Bitcoin critic, Peter Schiff, said that the latest rally of the cryptocurrency was caused by nothing but speculation. Despite the common comparison that a lot of people are drawing between Bitcoin and gold, the economist said that they have nothing in common.Peter Schiff Does It AgainIt’s safe to say that Bitcoin had a fantastic day yesterday as the cryptocurrency touched $9,500 before retracing to its current levels of trading. With this, it managed to...

Investor Peter Schiff has never been a huge bitcoin fan, but even he’s predicting that the currency won’t go down in flames.Peter Schiff Makes Bold BTC StatementThe world’s number one digital asset by market cap has been having a rough time as of late. Serious drops started to throw themselves at the currency when the COVID-19 pandemic began growing in early March. Prior to that, bitcoin was trading for well over $10,000 but a sudden fall into the high $8,000 range occurred soon after.A few...

Prominent American economist and full-time Bitcoin slammer, Peter Schiff, used the recent oil slumps to bash against the primary cryptocurrency. He believes that the events have still not validated Bitcoin as an asset class, but that the downside risk it provides is “only” 100%. Schiff: BTC’s Risk Is Limited To 100% It seems today that Schiff, the CEO, and CGS of Euro Pacific Capital, uses almost all current economic events as an opportunity to talk down the largest cryptocurrency by market...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 858. Heute sprechen wir über folgende Themen: Bitcoin wird zurück auf den Boden der Tatsachen krachen, Niemand kauft Bitcoin wenn man arbeitslos ist & Blockchain Technologie als Tool zur totalen Überwachung. Die heutige Show wird gesponsert von: https://bitwin24.com/masternodes/ 1.) Peter Schiff: „Bitcoin wird zurück auf den Boden der Tatsachen...

Peter Schiff, a well-known economist and renowned author, has taken another stab at Bitcoin. As he commonly compares the digital asset with gold, outlining its lack of intrinsic value, the expert now says that the precious metal will outperform Bitcoin as the latter will simply crash.Peter Schiff Back To Bashing BitcoinBitcoin is commonly compared to gold in its property to serve as a store of value. In fact, the Chairman of the US Federal Reserve, Jerome Powell, referred to it as a...

More and more financial experts are standing behind gold’s role in an upcoming economic turmoil. The merits and safe-haven status of the precious metal are aligning popular beliefs that it will outperform most (if not all) financial assets in the next few years.Gold To Stand Above AllWhether or not the COVID-19 is the only reason why most financial markets are tumbling is still disputable. However, the fact is that equities, oil, and yes, the cryptocurrency market, plunged hard in the past...