Peter Schiff Inviting People To “Change His Mind On Bitcoin”

Peter Schiff Inviting People To “Change His Mind On Bitcoin”
фото показано с : bitcoinist.com

2019-7-11 22:41

Gold-bug Peter Schiff says he’d like bitcoin bulls to convince him how the top-ranked crypto is superior to gold as a safe-haven asset.

Give Me Reasons To Like Bitcoin As I Accumulate 1BTC

Tweeting on Tuesday (July 9, 2019), Schiff declared his openness to being enlightened about bitcoin’s superiority over gold. An excerpt from the tweet reads:

I’m inviting people to try to change my mind on Bitcoin. Feel free to take a shot. You never know you may convince me that I’m wrong. My mind is open.

I'm doing a bitcoin challenge live on my YouTube channel on Monday night. I'm inviting people to try to change my mind on Bitcoin. Feel free to take a shot. You never know you may convince me that I'm wrong. My mind is open.

— Peter Schiff (@PeterSchiff) July 9, 2019

The market forecaster and chairman of SchiffGold — one of the largest international precious metal dealers, has a history of denying the prominence of BTC.

This stance hasn’t stopped Schiff from keeping a bitcoin wallet. SchiffGold even adopted BTC as a payment method.

From calling bitcoin worthless back in 2017, Schiff has moved on to declaring that BTC does have some appeal but governments could shut it down easily.

Since sharing his BTC address, the veteran gold-bug has received over $2,000 in bitcoin donations. These donations have been much to the chagrin of some commentators who say there are more deserving people who should receive these donations.

For Schiff, the open challenge to people to change his mind about BTC is a payback for the donations received thus far.

Any Upward Gold Movement Would Mean Greater BTC Boom

Gold-bugs and bitcoin bulls do, however, have a point of consonance. Both sides believe there is an imminent market crisis.

These forecasts come even as the economy appears to be stronger than it has been in recent times. However, many expect the Federal Reserve to adopt a more dovish monetary policy which could have serious implications for the market going forward.

Speaking to CNBC earlier this week, David Roche of Independent Strategy predicted that gold could reach $2,000 before the end of the year. The price of gold is up almost 10 percent since the start of the year, even briefly topping $1,400 at the back end of June — a multi-year high.

For bitcoin bulls like Anthony Pompliano of Morgan Creek Digital, any market situation that takes gold to $2,000 would cause an even greater parabolic rise in the spot price of BTC.

As previously reported by Bitcoinist, Max Keiser believes BTC can easily move 25-30x faster than gold. For Keiser, the smart money will choose to use bitcoin as a hedge once the Fed goes dovish.

Do you think bitcoin will replace gold as the de facto store of wealth? Let us know in the comments below.

Images via Twitter @PeterSchiff and Blockchain.com.

The post Peter Schiff Inviting People To “Change His Mind On Bitcoin” appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69960.55 (-0.14%)
Объем 24H $45.152b
Изменеия 24h: 3.04 %, 7d: -4.00 %
Cегодня L: $66916.68 - H: $70339.13
Капитализация $1383.691b Rank 1
Цена в час новости $ 11520.34 (507.28%)

bitcoin schiff inviting peter mind people change

Источник: bitcoinist.com

bitcoin schiff → Результатов: 62


Peter Schiff Warns Investors From Bitcoin, Says They Should Buy This Instead

Economist Peter Schiff has long been against Bitcoin. He has repeatedly warned investors to stay away from the digital asset because he does not believe that it holds any inherent value. Now, more often than not, Schiff has always been wrong about Bitcoin but that has not stopped the economist from preaching strongly against the cryptocurrency.

2023-4-5 16:00


Фото:

“BTC Will Hit Ground Zero” Peter Schiff Blasts As Bitcoin Tanks

Popular crypto-critic, Peter Schiff, has talked tough against Bitcoin following its nascent decline below the $30,000 belt. In what looked like a Twitter thread of vituperations mocking Bitcoin’s woes, Schiff rolled out a chronicle of comparative analysis between Bitcoin’s performance as an investment choice and that of his beloved gold. That gold has drifted only […]

2021-6-25 16:45


Фото:

“The Next Crash Will Be Brutal!” Top Crypto Critic Peter Schiff Asserts After His Son Went All-In On Bitcoin

On Thursday, renowned cryptocurrency arch-critic, Peter Schiff, took to Twitter to lament Bitcoin’s growing influence on his family. Struck by the decision of his 18-year-old son, Spencer Schiff, who took an 8% interest loan off Coinbase to fetch some bitcoin into his asset satchel, Peter tweeted a hot swipe at HODlers by labeling his son’s […]

2021-6-20 20:21


Peter Schiff Claims Bitcoin Is Back in a Bear Market

Gold bug Peter Schiff believes that bitcoin’s recent fall signals the start of a new bear market. In response to a tweet by Gemini Co-Founder Tyler Winklevoss, Schiff, who is the CEO of Euro Pacific Capital, credited bitcoin’s surge over the past two months to a spillover effect from gold and a fortuitous television ad […] The post Peter Schiff Claims Bitcoin Is Back in a Bear Market appeared first on BeInCrypto.

2020-9-7 02:08


Фото:

Peter Schiff Is the Last Person Who Should Lecture the Public on Bitcoin

Peter Schiff has spent the past few years bashing Bitcoin and advising people not to even touch it, leading one to wonder why he’s bent on giving counsel about the asset. On Sunday, the gold bug sparked a massive debate over cryptocurrencies and their storage after he announced on Twitter that he had lost access […] The post Peter Schiff Is the Last Person Who Should Lecture the Public on Bitcoin appeared first on BeInCrypto.

2020-1-25 20:10


дальше еще 13 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is Peter Schiff Clueless About Bitcoin? BitMEX Spars Over Fee Spike

The recent Bitcoin halving event, meant to slow down the creation of new coins, has ignited a fresh debate within the cryptocurrency community. Economist Peter Schiff threw gasoline on the fire by criticizing Bitcoin’s viability as a currency due to rising transaction fees and sluggish processing times.