Peter Schiff

Popular gold bug and crypto-critic Peter Schiff called out Michael Saylor for his continual advocacy of Bitcoin on Monday.  He suggested that the executive chairman of MicroStrategy ought to face charges from the Securities and Exchange Commission (SEC) for his actions.  Pumping Crypto Securities Schiff’s comments were a response to the SEC’s reveal of charges against the American celebrity Kim Kardashian on Monday. Kardashian agreed to pay nearly $1.3 million for failing to disclose her paid promotion of the crypto…

Peter Schiff – CEO of Euro Pacific Capital and a popular financial commentator – had his bank frozen by Puerto Rico’s regulators. The anti-crypto economist was mocked fiercely by Bitcoiners shortly afterward, but he failed to understand why. Closed Without Warning On Sunday, Schiff tweeted that his bank was closed due to net capital issues “despite no evidence of crimes.” The situation has left customers' accounts frozen, meaning they may lose their money. The “crimes” in question refer to media…

In a recent exchange of opinion on Twitter, Mike Novogratz has proposed an unconventional bet to Peter Schiff. Schiff, a cryptocurrency skeptical stockbroker, often publicly criticizes Bitcoin and other coins. After a general introduction about Novogratz and Schiff, this article will deal with what we know now as “the $1 million bets” on BTC. Most importantly, we will try to look at the past views of both experts, providing the readers with both sides of the coin. A few words…

American stockbroker and founding member of the Euro Pacific Asset Management Peter Schiff is skeptical about Elon Musk's idea of a sustainable BTC mining practice. The Tesla CEO attended a meeting hosted by Micro Strategy's head Michael Saylor to urge the North American Bitcoin miners and the global mining community to publish their current and planned energy usage.  In addition to that, the miners in attendance agreed to develop a Bitcoin Mining Council that will encourage sustainable initiatives on a…

Several perspectives on the role of Bitcoin continue to render many at loggerheads. The joint founder and CEO of Block.One, Brendan Blumer, expressed his thoughts concerning Bitcoin on Twitter. Blummer said the world's largest cryptocurrency is not money and is in no way ever going to be. Responding to a tweet written by Peter Schiff, he added that Bitcoin is the immediate gold generation. He continued to say the purpose of the cryptocurrency is not to get used as everyday…

The US is experiencing declines in the market sector, and people blame it on the coronavirus pandemic. Nevertheless, Peter Schiff, a Bitcoin critic, believes that investors are leveraging the outbreak to sell the market. In January, the cryptocurrency market experienced uptrends that made ETH, BTC, and LTC gain more than 20%. However, the US market declined, leading to the attainment of 2019’s lows. Recently, the Chinese market also decreased by 8% despite PBOC pumping $174 billion. Schiff on Twitter about…

On the 19th of January 2019, Peter Schiff claimed to lose access to all his Bitcoin holdings. Schiff is the CEO of Euro Pacific Capital, as well as the founder chairman of SchiffGold. He is also a renowned Bitcoin critic, quite skeptical about the crypto, exceedingly bullish when it comes to gold, and likewise bearish on the USD. On the 4th of July 2019, Schiff claimed to have three crypto assets, Bitcoin, Ethereum, and Bitcoin Cash. He also said he…

Peter Schiff predicted a looming decline in the price of Bitcoin to $1000, some time ago. Nevertheless, since currently, the prediction did not come true, Bitcoin’s price is on the upside, above $8500. As per CoinmarketCap and Kitco, Bitcoin’s price surged by 7.5% within the previous week, while Gold declined by 4%. On the other hand, the XAU/USD price attained highs of $1610 on the 8th of January but after that fell dramatically. At press time, the price was at…

On the 27th of December,  Peter Schiff criticized Bitcoin for its poor performance to the end of 2019. He said that most asset classes are experiencing rallies at the end of the decade, as the price of Bitcoin remains close to the $ 5700 level. At the time of writing, the price was at $ 7300, after a 0.5% decline, within the previous 24 hours. The US stock market just attained a fresh all-time high in 2019 due to an…