Tag Archives: Peter Schiff

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...

Fear, uncertainty, and doubt are causing the global community at large to panic over the potential implications of the coronavirus. The chairman of Virgin Galactic Chamath Palihapitiya believes that in the current situation it would be sensible to keep 1% of assets in Bitcoin.We were already writing numerous times how Bitcoin (together with other cryptocurrencies) is a good asset to have when things are going rough. Nowadays, we are witnessing, not just geopolitical tensions between the...

Warren Buffett stated in an interview that Bitcoin and other crypto have no value. He didn’t change his opinion even though Justin Sun claimed to have given him some crypto assets after the lunch they had together.Warren Buffett claimed crypto including Bitcoin has no value, which is the main reason he does not own any and never will. His sentiments were taken strongly by the crypto community that thought he had changed his mind after spending a lunch meeting with Tron Foundation CEO Justin...

Euro Pacific Capital CEO Peter Schiff predicted the housing crash from 2006 to 2007. But now he’s warning about a bitcoin bubble. Schiff predicted Saturday that bitcoin will crash to $3,000, while he says gold will surge to $3,000, but not before bitcoin gets there first. Here’s why Peter Schiff’s wrong this time. Peter Schiff’s views on bitcoin are fascinating. He riled up both sides of the bitcoin vs. gold debate among U.S. dollar skeptics this weekend with this taunting question: Source:...

Brendan Blumer, the CEO of Block.one – the publisher of EOS, has said that Bitcoin isn’t money and that it never will be. However, he believes that it’s the “next generation of gold.” His tweets came as a response to Peter Schiff, who once again bashed Bitcoin.Bitcoin Is The “Next Generation Of Gold”Brendan Blumer is the CEO of Block.one – a private company, publisher of EOS. Taking his thoughts to Twitter, he outlined that Bitcoin isn’t money and that it never will be. On the contrary, he...

When your completely non-computer savvy, totally apolitical friends or family members come up to you asking, “Hey, you think I should buy this Bitcoin thing?” you’re in bubble territory. The coin is very possibly overheated, and it might be time to sell.We need a healthy pull back. Too much hype about #bitcoin halving and altseason. Too much dumb money re-entering shitcoins. Looking for $7200. It takes time for halving to propogate and market to react. Maybe 6-7 months. Only my opinion. What...