The Peter Schiff Show Podcast - Episode 494Recorded August 23, 2019A Bad Day for Everybody Except the Democratic Candidates - If you are one of the Democrats. “This is the beginning of the greatest financial crisis in US history,” Schiff says, adding “The financial crisis of US of 2008 will pale in comparison as with the severity of this recession. We are going to have a much greater recession than the one that we had in 2008.”. 73.3k Followers, 60 Following, 294 Posts - See Instagram photos and videos from Peter Schiff (@peterschiff). The latest tweets from @PeterSchiff.
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Prominent Bitcoin critic and CEO of Euro Pacific Capital, Peter Schiff, has taken to Twitter to opine that there is not much of a difference between Bitcoin and any other digital currency. He has also stated that crypto inflation is much bigger than sovereign inflation and offered his opinion as to why.
One of bitcoin’s biggest critic and a prominent gold bug, has come out to publicly say he was wrong about bitcoin after years of dissing the digital gold.
Peter David Schiff Twitter
“I was wrong about Bitcoin,” Peter Schiff said on April the second Australia time, sending off crypto twitter aflair.
“So many of us appreciate and respect you and your work, it would be good to see a vid with your analysis that lead to this statement, your view going forward. BTW I still firmly believe that ‘all that glitters in not gold’ Thank you sir,” John Williamson said.
Another one asked Schiff to turn his tweet into an NFT to make some crypto money.
Peter Schiff Tweets
Among other things, he founded Schiff Gold and is a precious metals dealer, but after a successful career he has seen gold’s price drastically fall more recently as bitcoin starts replacing it in its role of acting as a hedge and diversifier.
Something Schiff did not take lightly, raging at bitcoin for now months. But as they say, if you can’t win then join them.
Peter Schiff Twitter Son
So April fools or not, maybe he has realized he lost and so perhaps he does now turn into a bitcoiner because why not support digital gold.