When Bitcoin is gaining traction, several indicators typically reflect its growing acceptance and adoption.
Increased Institutional Investment. The introduction of Bitcoin-focused financial products, like ETFs and futures contracts, further indicates institutional confidence.
An uptick in positive and widespread media coverage of Bitcoin, including features in major financial news outlets and mainstream media, suggests increasing public interest and awareness.
The presence of educational content and analysis in mainstream media and financial publications also points to growing traction.
More businesses, both online and brick-and-mortar, accepting Bitcoin as a payment method reflects increasing practical use of the cryptocurrency.
Higher trading volumes on major cryptocurrency exchanges suggest increased interest and participation from both retail and institutional investors.
Positive regulatory developments, such as clear guidelines and acceptance from government bodies, boost confidence and legitimacy in Bitcoin.
Topic: Peter Schiff btc critic posts standing infront of bitcoin sign at the airport (Read 564 times)
August 08, 2024, 10:31:33 AM
August 06, 2024, 07:20:06 AM
Yes agreed with you @dezoel
He can't seem stop talking about it with his posts on X within the past 24 hours:
Also think he had a spaces about bitcoin a couple of days ago but as with you don't take anything he says seriously as it is all about marketing with this guy.
And many who are on to his scheming can see it a mile away:
https://x.com/PeterSchiff/status/1820501187428528364
He can't seem stop talking about it with his posts on X within the past 24 hours:
Also think he had a spaces about bitcoin a couple of days ago but as with you don't take anything he says seriously as it is all about marketing with this guy.
And many who are on to his scheming can see it a mile away:
https://x.com/PeterSchiff/status/1820501187428528364
August 01, 2024, 01:06:52 AM
It's nothing more than a marketing gimmick and all these businessmen do it at some point. Since they know Bitcoin and cryptocurrencies are the hottest topics around the world at the moment, some of them show support to attract attention and some use a negative way of doing the same, but the motive at the end of the day is the same, they want people to notice them and their companies and whatever they do, they are promoting themselves using Bitcoin's name.
I never pay attention to these people and their statements or whatever they are doing because that will only waste my time I know I'm not going to take any of their words seriously and I know whatever they say or do is fabricated, so just let them be, do whatever they want and don't give them more attention.
It's all pretty evident. I mean, if a person hates something, why would they want to take its name again and again?
I never pay attention to these people and their statements or whatever they are doing because that will only waste my time I know I'm not going to take any of their words seriously and I know whatever they say or do is fabricated, so just let them be, do whatever they want and don't give them more attention.
It's all pretty evident. I mean, if a person hates something, why would they want to take its name again and again?
July 31, 2024, 06:18:20 AM
In other words gold doesn't have that potential to grow while bitcoin is all potential to grow. In all seriousness comparing gold and bitcoin is wrong because bitcoin is still in its adoption phase while gold has had its adoption.
If that is, then why there are still lots of people who invest in gold? And until now, gold is still considered as one of the best/leading investment assets. Gold can still grow in value, though it may not be too much as on what can BTC achieve. I think it's not totally wrong to compare gold with BTC because both of them still had some similarities. Most importantly the governments consider it as an asset so the countries buy it. Like over the past 3 years where the global tensions have been rising and such big purchases by countries and central banks has led to this big rise.
But now the governments want to be able to put bitcoin down on their books as an asset aswell.
Think I have seen it more recently named it as an investment asset since holding houses such as BlackRock and VanEck are declaring it this way to their clients in a form as a spot ETF.
July 30, 2024, 10:44:24 AM
In other words gold doesn't have that potential to grow while bitcoin is all potential to grow. In all seriousness comparing gold and bitcoin is wrong because bitcoin is still in its adoption phase while gold has had its adoption.
If that is, then why there are still lots of people who invest in gold? And until now, gold is still considered as one of the best/leading investment assets. Gold can still grow in value, though it may not be too much as on what can BTC achieve. I think it's not totally wrong to compare gold with BTC because both of them still had some similarities. Most importantly the governments consider it as an asset so the countries buy it. Like over the past 3 years where the global tensions have been rising and such big purchases by countries and central banks has led to this big rise.
July 30, 2024, 08:00:07 AM
So after the political games began late last week yearning for those bitcoiner votes, Schiff wanted to put in his two cents of what the one candidate had to say:
Peter Schiff Blasts RFK Jr’s Bitcoin Buy Plan As ‘Vote-Buying’ Strategy
https://coingape.com/peter-schiff-blasts-rfk-jrs-bitcoin-buy-plan-as-vote-buying-strategy
So some serious backlash from a gold supremacist such as Peter Schiff on any progression of bitcoin into American society.
Peter Schiff Blasts RFK Jr’s Bitcoin Buy Plan As ‘Vote-Buying’ Strategy
https://coingape.com/peter-schiff-blasts-rfk-jrs-bitcoin-buy-plan-as-vote-buying-strategy
So some serious backlash from a gold supremacist such as Peter Schiff on any progression of bitcoin into American society.
July 20, 2024, 01:09:17 PM
^
Peter's son is already married.
and according to online forums, his son invests in BTC. he could never escape that because even if he visits his grand sons BTC might be there too.
but i think Peter is slowly accepting that BTC is here to stay especially when institutions have started buying BTC. pretty sure he has friends in Blackrock or Vaneck.
Peter's son is already married.
and according to online forums, his son invests in BTC. he could never escape that because even if he visits his grand sons BTC might be there too.
but i think Peter is slowly accepting that BTC is here to stay especially when institutions have started buying BTC. pretty sure he has friends in Blackrock or Vaneck.
Lol funny article about the dad-son
https://www.newsbtc.com/news/peter-schiffs-18-year-old-son-beats-gold-bug-at-own-game-with-bitcoin-buy/
He calls out his son on X for never having a job, then btc gains the son 60% whole gold loses 2%
We realize what Peter Schiffs is like and how he is someone who keeps saying that gold is better but in the end he also cannot forbid his son to be in bitcoin because again this depends on our own choices and as long as we have money that is right from us then it is certain that anyone cannot prohibit or order to be in bitcoin because indeed bitcoin is generated not without coercion from others but because of our pure desire sneidir to be in it.
Regardless of how Peter Schiffs works in gold and bitcoin, I actually underline that a person's choice cannot be interfered with by family even though because when we talk about investment, it is certainly our responsibility to do it ourselves, not others.
July 20, 2024, 08:25:47 AM
And two days ago, he had this tweet,
You just have to give it to him though, he is comparing the price from 2021, LOL. Gonna be interesting to see what will his tweet when we hit $100,000 at least at the end of the year or in this bull cycle.
If you want to prove he is wrong, share it on his X, but I really think you don't need to waste your time. You can not change Peter Schiff and his thinking, support on Gold and his hate against Bitcoin.You just have to give it to him though, he is comparing the price from 2021, LOL. Gonna be interesting to see what will his tweet when we hit $100,000 at least at the end of the year or in this bull cycle.
Exception is if his company no longer sticks with gold but change products to Bitcoin-related, Peter Schiff will change and say sweet words about Bitcoin. When?
If you still want to do this, here is the link with table and chart for Bitcoin, Gold, S&P500 ROIs.
https://casebitcoin.com/charts
July 20, 2024, 04:53:21 AM
At some point Schiff will have to eat his words because Bitcoin is going to crush gold in the ETFs and the real deal. He only shills gold so much because he has his very own ETF and he wants all his clients to spend their money there in HIS ETF lol
People like him never admit that they are wrong, you see that the man talks about things that have nothing to do with what is actually happening. The only question is whether he is doing all this purposefully to promote his business - or is it some kind of pathological obsession with gold that no longer allows him to think rationally.
July 19, 2024, 03:58:49 PM
For such hyperinflation BTC should be OK despite its rather high volatility because it's obviously more convenient and certainly safer to hold Bitcoin than to hold gold. It's quicker and easier to buy and to sell it in addition. But fortunately most currencies don't get such inflation, it's rather rare actually
July 19, 2024, 03:01:34 PM
Hardcore bitcoin critic and gold bug Peter Schiff posted on his x account a sign at the airport of where he was vacationing with the caption:
"I'm in Istanbul and look what I came across. There are some things you just can't escape from."
https://x.com/PeterSchiff/status/1810663017266487638
While Willy Woo, an advocate of bitcoin posts several hours later along with a chart showing it is a benefit for their economy struggles:
"It's because #Bitcoin is shield against hyperinflation in Turkey."
https://x.com/PeterSchiff/status/1810663017266487638
Haven't tried to translate what is said but it has to be for the greater good since they have a QR code.
Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.
https://blockworks.co/news/bitcoin-etfs-gold-funds-flippening
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
"I'm in Istanbul and look what I came across. There are some things you just can't escape from."
https://x.com/PeterSchiff/status/1810663017266487638
While Willy Woo, an advocate of bitcoin posts several hours later along with a chart showing it is a benefit for their economy struggles:
"It's because #Bitcoin is shield against hyperinflation in Turkey."
https://x.com/PeterSchiff/status/1810663017266487638
Haven't tried to translate what is said but it has to be for the greater good since they have a QR code.
Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.
https://blockworks.co/news/bitcoin-etfs-gold-funds-flippening
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
At some point Schiff will have to eat his words because Bitcoin is going to crush gold in the ETFs and the real deal. He only shills gold so much because he has his very own ETF and he wants all his clients to spend their money there in HIS ETF lol
July 18, 2024, 12:05:21 PM
Hardcore bitcoin critic and gold bug Peter Schiff posted on his x account a sign at the airport of where he was vacationing with the caption:
"I'm in Istanbul and look what I came across. There are some things you just can't escape from."
Perhaps now he is gradually beginning to realize the inevitability of bitcoin as a mass phenomenon."I'm in Istanbul and look what I came across. There are some things you just can't escape from."
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I think it’s better to ask him this question himself, because everything else will turn out to be just speculation.For me, his statement in bitcoin looks like mild trolling and doesn't reflect loyalty to it.
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
And so it may be. The opinion of father and son regarding bitcoin doesn't necessarily have to be the same. Young people are more friendly towards bitcoin due to their flexibility of thinking (they are less conservative). It seems funny to me that his son’s money is probably his father’s money, and indirectly it turns out that bitcoin was bought with Schiff’s money. Thus, even being a critic of bitcoin, Schiff turned out to be the owner of this. 
July 18, 2024, 08:02:53 AM
~snip~
If we have "Inverse Cramer", we should definitely have ""Inverse Schiff".
Or we should just ignore this clown for good?
If we have "Inverse Cramer", we should definitely have ""Inverse Schiff".
Or we should just ignore this clown for good?
I concluded a long time ago that there is almost no logic in his statements, and he proves it year after year. If he wrote this nonsense 2 days ago with 30% referring to the year 2021, I wonder when was the last time he looked at the price of BTC? It's easy to be a clown, as long as you're a rich clown, right?
July 18, 2024, 06:14:38 AM
And two days ago, he had this tweet,
https://x.com/PeterSchiff/status/1813212549506011247
You just have to give it to him though, he is comparing the price from 2021, LOL. Gonna be interesting to see what will his tweet when we hit $100,000 at least at the end of the year or in this bull cycle.
If we have "Inverse Cramer", we should definitely have ""Inverse Schiff".
Or we should just ignore this clown for good?
https://x.com/PeterSchiff/status/1813212549506011247
You just have to give it to him though, he is comparing the price from 2021, LOL. Gonna be interesting to see what will his tweet when we hit $100,000 at least at the end of the year or in this bull cycle.
If we have "Inverse Cramer", we should definitely have ""Inverse Schiff".
Or we should just ignore this clown for good?
July 17, 2024, 05:14:48 PM
In the first image it says this in Turkish: Buy, sell Bitcoin and cryptocurrencies easily! Buy, sell shares easily!
Because there is a hyperinflation in Turkey as you have said, people are searching for different investment tools to maintain the value of their money. They see cryptocurrencies as an option.
Thanks for the translation there. You must be from the same country to read it? Eh, Because there is a hyperinflation in Turkey as you have said, people are searching for different investment tools to maintain the value of their money. They see cryptocurrencies as an option.
. Hyperinflation can be a global problem but I know many people already figured out that BTC can be used as a hedge against it. That's a sad news if they got hacked recently but there is no need to panic if you are using the exchange. With the reputation they have, they can sort this issue not long enough. You are right. I'm living in Turkey.
Here even people at the age of 65-70 have entered the stock market to preserve their money against hyperinflation. Hyperinflation is a global problem however Turkish people are paying its costs very heavily because of the bad management in Turkey. 
July 17, 2024, 10:01:43 AM
In the first image it says this in Turkish: Buy, sell Bitcoin and cryptocurrencies easily! Buy, sell shares easily!
Because there is a hyperinflation in Turkey as you have said, people are searching for different investment tools to maintain the value of their money. They see cryptocurrencies as an option.
Thanks for the translation there. You must be from the same country to read it? Eh, Because there is a hyperinflation in Turkey as you have said, people are searching for different investment tools to maintain the value of their money. They see cryptocurrencies as an option.
. Hyperinflation can be a global problem but I know many people already figured out that BTC can be used as a hedge against it. That's a sad news if they got hacked recently but there is no need to panic if you are using the exchange. With the reputation they have, they can sort this issue not long enough. In other words gold doesn't have that potential to grow while bitcoin is all potential to grow. In all seriousness comparing gold and bitcoin is wrong because bitcoin is still in its adoption phase while gold has had its adoption.
If that is, then why there are still lots of people who invest in gold? And until now, gold is still considered as one of the best/leading investment assets. Gold can still grow in value, though it may not be too much as on what can BTC achieve. I think it's not totally wrong to compare gold with BTC because both of them still had some similarities. 
July 15, 2024, 02:07:10 PM
what a dad! can't just be proud of his son for making a lot of money while jobless
While this could be just another "story for the news", if it's for real I can tell that (way too) many dads are too demanding for their sons and, especially after a certain age, they don't understand that people can make money (and a living) in other ways than they (the dads) expect. World and life changes too fast for some.
July 15, 2024, 12:15:10 PM
^
Peter's son is already married.
and according to online forums, his son invests in BTC. he could never escape that because even if he visits his grand sons BTC might be there too.
but i think Peter is slowly accepting that BTC is here to stay especially when institutions have started buying BTC. pretty sure he has friends in Blackrock or Vaneck.
Peter's son is already married.
and according to online forums, his son invests in BTC. he could never escape that because even if he visits his grand sons BTC might be there too.
but i think Peter is slowly accepting that BTC is here to stay especially when institutions have started buying BTC. pretty sure he has friends in Blackrock or Vaneck.
Lol funny article about the dad-son
https://www.newsbtc.com/news/peter-schiffs-18-year-old-son-beats-gold-bug-at-own-game-with-bitcoin-buy/
He calls out his son on X for never having a job, then btc gains the son 60% whole gold loses 2%
what a dad! can't just be proud of his son for making a lot of money while jobless. patting the kid's back would have meant the world.
so even in his home, he could avoid BTC. but this article was 3 years ago. i think it won't be long to see Peter flip and will shock us one day when he uses BTC too. It is all just the benefit and making money out of BTC will make him reassess what he should have been buying.
July 15, 2024, 07:55:23 AM
^
Peter's son is already married.
and according to online forums, his son invests in BTC. he could never escape that because even if he visits his grand sons BTC might be there too.
but i think Peter is slowly accepting that BTC is here to stay especially when institutions have started buying BTC. pretty sure he has friends in Blackrock or Vaneck.
Peter's son is already married.
and according to online forums, his son invests in BTC. he could never escape that because even if he visits his grand sons BTC might be there too.
but i think Peter is slowly accepting that BTC is here to stay especially when institutions have started buying BTC. pretty sure he has friends in Blackrock or Vaneck.
Lol funny article about the dad-son
https://www.newsbtc.com/news/peter-schiffs-18-year-old-son-beats-gold-bug-at-own-game-with-bitcoin-buy/
He calls out his son on X for never having a job, then btc gains the son 60% whole gold loses 2%
July 14, 2024, 10:08:18 AM
^
Peter's son is already married.
and according to online forums, his son invests in BTC. he could never escape that because even if he visits his grand sons BTC might be there too.
but i think Peter is slowly accepting that BTC is here to stay especially when institutions have started buying BTC. pretty sure he has friends in Blackrock or Vaneck.
Peter's son is already married.
and according to online forums, his son invests in BTC. he could never escape that because even if he visits his grand sons BTC might be there too.
but i think Peter is slowly accepting that BTC is here to stay especially when institutions have started buying BTC. pretty sure he has friends in Blackrock or Vaneck.
July 14, 2024, 09:51:37 AM
Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.
Except if its a fake statistic you will discover online where gold has out smart bitcoin in performance for profitability, without the existence of bitcoin spot ETF, bitcoin market price will still pump and rises, it may only have to be on a different time not earlier than we had already after the approval of bitcoin spot ETF.Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
People like this cannot be predicted, his own son in investing on what he is preaching against, this call for a second thought on the situation on ground, it might be that he is taking advantage of the public toward propagating false informations about bitcoin while he has investments in that same bitcoin or he is rather doing that in other to get fame from the people and government.I heard a few months ago his own son is holding some bitcoin which I found hilarious.
Remember each States of the US have different age requirements to do things such as legal age to drink for instance.
Schiff looks around 60 years old so his son has to be no younger than 16. So if he still is living with him (daddy warbucks
) then he would have to abide by his father's rules of the house.Wouldn't you agree?
July 14, 2024, 07:15:23 AM
Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.
Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.
Except if its a fake statistic you will discover online where gold has out smart bitcoin in performance for profitability, without the existence of bitcoin spot ETF, bitcoin market price will still pump and rises, it may only have to be on a different time not earlier than we had already after the approval of bitcoin spot ETF.
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
People like this cannot be predicted, his own son in investing on what he is preaching against, this call for a second thought on the situation on ground, it might be that he is taking advantage of the public toward propagating false informations about bitcoin while he has investments in that same bitcoin or he is rather doing that in other to get fame from the people and government.
July 14, 2024, 01:56:12 AM
While Willy Woo, an advocate of bitcoin posts several hours later along with a chart showing it is a benefit for their economy struggles:
"It's because #Bitcoin is shield against hyperinflation in Turkey."
"It's because #Bitcoin is shield against hyperinflation in Turkey."
The reason is exactly what @Willy Woo tweeted and I have heard several questions and answers from the social media asking why many Turkish citizens like to invest in BTC because of the inflation factor where the price of their currency has fallen sharply where 1 Turkish Lira is equal to 0.0302 United States Dollar, maybe at least almost 70 percent are familiar with BTC, of course the younger generation is dominant. If we want to travel like Peter Schiff to Türkiye, maybe the time is quite right now because everything is quite affordable.
July 14, 2024, 01:35:34 AM
It makes sense for a country suffering from hyperinflation to be crypto-friendly. That doesn't mean that Turkey can rely on such sporadic Bitcoin acceptance without fixing its economy, but it's good to have Bitcoin as an option.
When I google Schiff and Bitcoin, there are very recent statements from just a few days ago in which Schiff is calling Bitcoin a 'fraud', encouraging people to sell it, etc. So no, he certainly hasn't changed his opinion. Perhaps his tweet is more in a sense that the topic of Bitcoin is haunting him.
When I google Schiff and Bitcoin, there are very recent statements from just a few days ago in which Schiff is calling Bitcoin a 'fraud', encouraging people to sell it, etc. So no, he certainly hasn't changed his opinion. Perhaps his tweet is more in a sense that the topic of Bitcoin is haunting him.
July 13, 2024, 11:57:28 PM
In all seriousness comparing gold and bitcoin is wrong because bitcoin is still in its adoption phase while gold has had its adoption. In other words gold doesn't have that potential to grow while bitcoin is all potential to grow.
Even the recent gold rise in the past two years is because of the global tensions and because countries are dedollarising and buying gold to back their economy and fiat. That means if global tensions came down today, gold price would drop back to $1000 and below again. Meanwhile bitcoin would still continue to go up in the long run.
Even the recent gold rise in the past two years is because of the global tensions and because countries are dedollarising and buying gold to back their economy and fiat. That means if global tensions came down today, gold price would drop back to $1000 and below again. Meanwhile bitcoin would still continue to go up in the long run.
July 13, 2024, 04:11:33 AM
Lol, Bitcoin will never outperform Gold !
I am unable to understand how people try to degrade what is considered to be one of the best assets of the present era. What is called financial revolutionary guidance means revolutionary coin is considered.
~snip~
Bitcoin will never outperform Gold !I am unable to understand how people try to degrade what is considered to be one of the best assets of the present era. What is called financial revolutionary guidance means revolutionary coin is considered.
~snip~
There are various reasons why people have a bad opinion about BTC, whether it is that they are not intelligent enough to understand what it is all about, or they are just very angry because they did not understand what it was about in time, so now they are expressing their anger through negativity towards BTC in the hope that it will fail one day.
Let's be realistic, the average person in an average country is instrumentalized to such an extent that he blindly listens to the mainstream media, which is of course the service of every government that influences public opinion through them. If you look at the past, the same media have declared BTC "dead" somewhere around 500 times so far, and probably thousands of articles have been written where BTC was brought into the context of scams, money laundering, terrorist financing and of course bad impact on the environment.
When you look at all this in a wider context, it is clear why the adaptation of BTC among people is relatively low considering that it has been around for 15 years.
July 12, 2024, 04:08:55 PM
-Snip-
It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.
Lol, Quote
Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Very accurate statement, bitcoin will never outperform gold It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.
Bitcoin will never outperform Gold !I am unable to understand how people try to degrade what is considered to be one of the best assets of the present era. What is called financial revolutionary guidance means revolutionary coin is considered.
So it's meant to say that if Bitcoin didn't overperform, people wouldn't even consider it a revolutionary financial asset. But in fact, Bitcoin has proved that there is no better asset than Bitcoin which can reach its price milestone within a few years. Yes, we do not condone that Gold is a bad investment asset, but we also do not say that Gold is better than Bitcoin. A hint is sufficient for the rest of the discerning servants.
July 12, 2024, 03:35:56 AM
~snip~
It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.
Quote
Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Very accurate statement, bitcoin will never outperform gold It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.
We can also add his statement from 2015 that the price of gold will reach $5000 per ounce. If by some chance he had thought more positively about Bitcoin in the same year, he could have bought it for just a little more than $200 per coin - and maybe then today he would not have had to do anything in his life, given that he would have a lot of money. However, I may be wrong, because some people never have enough, no matter how many millions or billions they have in their accounts.
Peter Schiff, president and CEO of investment firm Euro Pacific Capital, recently predicted that the gold price will reach $5,000 per ounce. That’s hundreds of dollars away from its 2011 high point of about $1,900. Let us know if you agree in this survey.
July 11, 2024, 07:28:52 AM
I wouldn't use the term "critic" to describe people like Schiff who say a bunch of nonsense about a topic in the media to attract attention when they receive a lot of debunking from those who understand that topic. Such people are more like attention whores than anything else. Why they do it differs from person to person, Schiff seems to just be advertising gold to hype it up and make profit.
It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.
Quote
Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Very accurate statement, bitcoin will never outperform gold It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.
July 11, 2024, 06:20:40 AM
Hardcore bitcoin critic
Come on, it's just his way of advertising. Who on earth would pay so much attention to Bitcoin only to write against it?! No. He must be (also) invested in bitcoin.They don't do what they say in public because it is all camouflage of what they are really doing behind the scenes when it comes to money.
Remember Kevin O'Leary when FTX fell several years ago? He was an ambassador for that circus then he was became evangelical about how the industry was in need of immediate crypto regulation.
Last time I saw him talk about cryptocurrency was while advertising his new venture WonderFi which swallowed up another cryptocurrency exchange when he suddenly wanted to run an exchange. So in his eyes, to undo the wrongs of him being the face of one of the biggest cryptoexchange collapses in recent times.
As for his son being into bitcoin, this might just be one of those ploys to get a narrative for one of his own turning against "the man" so to get some clout out of his elderly followers to do a search of what bitcoin is.
His company does take payment in BTC after all.
July 11, 2024, 03:20:05 AM
~snip~
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
He is just playing his game and using BTC for his own promotion - after all the goal is to convince as many people as possible to invest in gold. Considering that talking about gold obviously doesn't have much effect, he found something to use as bait. As for his son, it's a story a few years old when they were fighting on social media (maybe they still do). At the time, it wasn't entirely clear to me whether his son was really against his father's ideas or was just helping him in what he was doing otherwise.
Besides, does Peter know that Bitcoin as a currency is banned in Turkey?
July 10, 2024, 06:58:47 PM
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
It's really hard to say though, I mean this personalities could have been using this smoke screen (going anti-crypto), but then again are slowly accumulating Bitcoin overtime and he could be a bag holder for now. And for me, another thing of beauty as we are all (pseudo) anonymous and can hide thru Bitcoin in a good way and not let others know that we have a lot personally being kept somewhere else.
See, his son is found to be holding Bitcoin, so there is a chance that he himself is also holding it secretly.
As far as Turkey, ‘Basically a Savior’: Why Crypto Is So Popular in Turkey.
July 10, 2024, 06:06:13 PM
Hardcore bitcoin critic and gold bug Peter Schiff posted on his x account a sign at the airport of where he was vacationing with the caption:
"I'm in Istanbul and look what I came across. There are some things you just can't escape from."
Peter Schiff is very correct. Bitcoin cannot be overlooked in any financial setup. Its adoption is growing and Bitcoin now has a presence in also all the countries of the world. "I'm in Istanbul and look what I came across. There are some things you just can't escape from."
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So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.
People are free to change their views about anything when they learn and gain a better understanding. Some core critics ended up swallowing their pride and embracing Bitcoin. But I think Peter Schiff is too proud to accept the truth openly. In May this year, I got from an online blog that he said he wished he bought Bitcoin in 2010. Some of these critics might be secret investors, after all, Bitcoin's transactions are pseudonymous. I heard a few months ago his own son is holding some bitcoin which I found hilarious.
July 10, 2024, 04:57:41 PM
~Snipped
Come on, it's just his way of advertising. Who on earth would pay so much attention to Bitcoin only to write against it?! No. He must be (also) invested in bitcoin.
Come on, it's just his way of advertising. Who on earth would pay so much attention to Bitcoin only to write against it?! No. He must be (also) invested in bitcoin.
Of course, I've known that from the onset. Most times people hate something, they have a vested interest in it. I've observed most of the tweets from Peter Schiff to know that he is a bitcoin holder. In the world today, most things we see online are often not the way they're presented or seen. He doesn't have to be right about his bitcoin criticism to make money from it.
July 10, 2024, 04:50:21 PM
In the first image it says this in Turkish: Buy, sell Bitcoin and cryptocurrencies easily! Buy, sell shares easily!
Because there is a hyperinflation in Turkey as you have said, people are searching for different investment tools to maintain the value of their money. They see cryptocurrencies as an option.
BTCTurk is the oldest and biggest cryptocurrency exhange in Turkey. They got hacked recently unfortunately.
Because there is a hyperinflation in Turkey as you have said, people are searching for different investment tools to maintain the value of their money. They see cryptocurrencies as an option.
BTCTurk is the oldest and biggest cryptocurrency exhange in Turkey. They got hacked recently unfortunately.
July 10, 2024, 11:35:04 AM
Hardcore bitcoin critic
Come on, it's just his way of advertising. Who on earth would pay so much attention to Bitcoin only to write against it?! No. He must be (also) invested in bitcoin.
July 10, 2024, 10:24:37 AM
Peter Schiff is an absolute clown, and I can't stand the guy. Anyone who thinks that investing your money in precious metals alone or that precious metals and bitcoin are alternatives to each other I think is fooling themselves. I think a big part of his "act" is just that, being an "act". He makes a lot of noise because it gets him a lot of attention. Just like right now we are discussing him and he loves that fact.
July 10, 2024, 10:21:29 AM
Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
"In God we trust, for others bring data". It says all.Peter Schiff does it many years and he is always against Bitcoin as one of his initiatives to convince people spending money to buy gold.
Data, we have it with ROIs for Bitcoin and gold.
https://casebitcoin.com/
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Bitcoin & Traditional Assets ROI (vs USD)
| | | July 10, 2024, 10:00:38 AM
I would say that he has been eaten out of character and I doubt whether he is playing a role. He is a smart guy, he understands the monetary system very well, he understands inflation, he is a very good investor, he has amassed a net worth of $80M, and he is relatively young, he is not like Buffet who will never understand Bitcoin in what little time he has left. I think part of his attitude is also the interests he has. He's invested in gold and emerging markets through his fund, which is what he's trying to sell. But he has been talking for some time about making a shitcoin backed by gold, so he is not completely opposed to cryptocurrencies. But his obsession with Bitcoin being a Ponzi and going to 0 for more than a decade is ridiculous.
July 10, 2024, 06:42:31 AM
Hardcore bitcoin critic and gold bug Peter Schiff posted on his x account a sign at the airport of where he was vacationing with the caption:
"I'm in Istanbul and look what I came across. There are some things you just can't escape from."  https://x.com/PeterSchiff/status/1810663017266487638 While Willy Woo, an advocate of bitcoin posts several hours later along with a chart showing it is a benefit for their economy struggles: "It's because #Bitcoin is shield against hyperinflation in Turkey." https://x.com/PeterSchiff/status/1810663017266487638 Haven't tried to translate what is said but it has to be for the greater good since they have a QR code. Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold. Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf. https://blockworks.co/news/bitcoin-etfs-gold-funds-flippening So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence? I heard a few months ago his own son is holding some bitcoin which I found hilarious. Jump to:
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