Gold bug and notorious cryptocurrency critic Peter Schiff wonders whether the recent hack of verified profiles on Twitter is “a harbinger of Bitcoin itself being hacked.” In a July 16 tweet, Schiff mentioned yesterday’s mass hack of verified Twitter profiles which were used to promote a Bitcoin scam, further suggesting that it could Read more…
Schiff doesn’t learn from his mistakes Riding it to zero Peter Schiff, the CEO of Euro Pacific Capital who’s known for his unpopular bearish views on Bitcoin, is convinced that the flagship cryptocurrency is never touching $25,000, according to his recent tweet. This is the lowest price point posted by in Read more…
Bitcoin has registered a strong recovery the past few days from lows of around $8.6K. At the time of publication, BTC is sitting comfortably above $9,400. Perhaps the most interesting thing about this rally is that it came hot on the heels of public criticism from a mainstream investment bank. Read more…
Crypto-enthusiasts hail bitcoin as an alternative to fiat currency. However, it is not doing what it is designed to do, as nothing can be purchased with bitcoin or any other cryptocurrency, says crypto-skeptic Peter Schiff. Schiff was replying to a follower on Twitter who commented that bitcoin was a way Read more…
The wrong side of history Skepticism is a safe bet Mike McDonald, a poker champ with a penchant for Bitcoin, has some words of praise for the detractors of the world’s leading cryptocurrency. In a new tweet, he says that he has a lot of respect for Peter Schiff and Read more…
Cryptocurrency critic Peter Schiff has slammed the Bitcoin community for trying to portray Mark Cuban’s $130 BTC stash as an endorsement. In fact, Schiff believes that this infinitesimal amount accepted by Cuban-owned Dallas Mavericks proves “the opposite.” Basketball fans are not keen on Bitcoin Cuban, who became a billionaire by selling his Read more…
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 Read more…
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 All Whether or Read more…