Tag Archives: Peter Schiff

Bitcoin and Ethereum are two of the most famous cryptocurrencies. During the fall of the markets, they fall especially loudly. Is this the ‘store of value’ power we’ve been hearing about for years? But only oil perform worse these days.Since the beginning of the global coronavirus pandemic, world markets kept falling into the abyss. Many people start thinking about the true value of Bitcoin, Ethereum, crude oil, futures, and stocks. The Block analyst and notable crypto observer Larry Chermak...

The extreme levels of volatility reached the U.S. dollar as well, and the world’s reserve currency is losing value. It comes only days after the historic $6.2T “stimulus package,” which aims to help individuals and businesses in need.Amid the rising threat of inflation and concerns amongst numerous experts, the cryptocurrency community broached Bitcoin’s scarcity as an alternative to the constant increase of fiat money in circulation.U.S. Measures Harm The DollarThe novel coronavirus appeared...

The U.S. dollar and most fiat currencies will collapse during this financial crisis, said popular U.S. economist Peter Schiff. As a result, governments will start to rely once again on gold as the global reserve currency.He also continued his anti-Bitcoin narrative, saying that its price may rise in the short term, but it has no real value for the economy.2020 Will Be Worse Than 2008The Euro Pacific Capital’s CEO talked in a recent podcast with the popular Bitcoin proponent – Anthony “Pomp”...

Bitcoin has been hammered hard over these past few days, though it has managed to remain a small bit of momentum during the last 48 hours. The world’s number one cryptocurrency by market cap has managed to retain a position at around $5,300.Bitcoin Gets a Surge Thanks to the White HouseThis is likely thanks to a new economic stimulus package that President Donald Trump is looking to infuse. The package could be worth as much as $1 trillion and involves deferred tax payments for both...

Popular U.S. economist and proponent of gold, Peter Schiff, recently explained why the precious metal is plunging in the past few weeks. He believes that investors are to blame due to their lack of awareness of what is to come. Once they realize it, though, gold will surge once again.Schiff Blames Investors For Gold’s Price PerformanceThe COVID-19 (coronavirus) started an adverse snowball effect on most financial markets. Riskier assets such as equities and cryptocurrencies have been...

Euro Pacific Capital CEO and chief global strategist Peter Schiff warned the coronavirus recession would be worse than the 2008 financial crisis. Furthermore, in a terrifying tweet Wednesday, the US dollar bear and gold bull diagnosed the underlying problem in both crises.He argued the coronavirus pandemic and the crashing housing market were the pins that popped debt bubbles. But this time, the debt bubble is much bigger than last time. So the crisis is likely to get much worse.“The 2008...

The cryptocurrency market tumbled over the weekend, and it brought a wave of familiar negative voices. The two famous American economists, Nouriel Roubini and Peter Schiff, quickly took the opportunity to bash Bitcoin for not being a proper hedge during the current economic turmoil.Dr. Doom Against BitcoinWith the rising impact of the coronavirus and the recent Oil Price War, the financial markets plummeted. The cryptocurrency market also dropped severely. Bitcoin, the leading digital asset...

Max Keiser has said that Jamie Dimon, the CEO of JPMorgan, will come to beg the Federal Reserve for cash. Coronavirus attack is hitting the markets again, every day fear rises. But Keiser believes that Bitcoin price can reach $100,000 already in 2020.Max Keiser is a well-known cryptocurrency fan, promoting the digital world via his Keiser Report RT show. He has made two bold claims regarding the price of Bitcoin during the last show. According to him, the more people are panicking, the more...

The Bitcoin price is rising steadily again and has crossed $9k. BTC halving is getting closer and closer with less than 10,000 blocks away.Bitcoin seems just about ready for its upcoming halving as it’s starting to climb back up again. Just as the month was starting, Bitcoin tried to hit the $9,000 mark. Its inability to do so at the time was touted as a big problem especially since the halving is drawing closer. Now, Bitcoin has begun rising steadily and has successfully scaled the $9,000...

Veteran analysts from Wall Street warn investors that we are at the brink of the next economic recession and it could be possibly worse than the 2008 financial crisis.The coronavirus spread has exacerbated over the last months thereby severely impacting markets worldwide. On Tuesday, the Federal Reserve pressed the buzzer by offering rate cuts amidst rising concerns of the U.S. economic crisis. While the Fed is attempting to boost the crashing markets, analysts think it is not enough.Nouriel...