Yuri Molchan
In an unexpected turnaround, Peter Schiff, one of the harshest Bitcoin critics, has taken to Twitter, to ask for some sats. The address posted in his tweet, however, belongs to Spencer Schiff, the gold bug’s 18-year-old son who doesn’t share his father’s blind skepticism towards the world’s largest cryptocurrency. Peter McCormack le responde a Peter Schiff en Twitter por haber hecho perder la oportunidad de invertir en Bitcoin a muchos inversionistas. Fuente: CoinDesk Y es que, frente a un tweet de Schiff en el cual criticaba las alabanzas que se hacen a Grayscale, como si todas sus compras fuesen realizadas por inversionistas institucionales.
The latest tweets from @PeterSchiff.
People have contemplated using peter Schiff’s Twitter activity as a Bitcoin price indicator for some time now. Every time Schiff claims Bitcoin is collapsing, its price seems to rebound. With the help of IFTTL, things are bound to get rather interesting. The Purpose of IFTTL. Anyone familiar with internet services will know the IFTTT platform. Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast. He follows up his daily two-hour show with a weekly two-hour podcast focusing on weekly economic data analysis and unbiased coverage of financial news, both in the U.S. And global markets.
Major Bitcoin opponent and Euro Pacific Capital CEO Peter Schiff seems to believe that, at the moment, Dogecoin shilled by Elon Musk is 'better at being Bitcoin than Bitcoin.'
Bitcoin evangelist, entrepreneur and investor, Anthony Pompliano, has commented on that in a recent tweet, trolling the gold bug Schiff.
Peter Schiff claims DOGE can disrupt Bitcoin: Pomp
In a recent tweet, entrepreneur, investor and the host of a popular Bitcoin podcast, Anthony Pompliano, jokingly remarked that the regular crypto and Bitcoin hater Peter Schiff now claims that DOGE is going to take over Bitcoin.
Meanwhile, the chief of Euro Pacific Capital has tweeted that Dogecoin now has a higher chance of operating as the major cryptocurrency rather than Bitcoin, thanks to Elon Musk.
Earlier, the Tesla CEO admitted that he was 'late to the Bitcoin party' and said that he is a BTC supporter now. Back then, he also tagged Bitcoin in his Twitter bio.
However, Elon has changed his mind since then. BTC is no longer in the bio section of his Twitter profile, and he has been shilling his old love, DOGE, again, tweeting that it is the 'crypto of the Earth in the future' and claiming that Bitcoin 'is arguably deflationary to a fault.'
He added that Dogecoin can offer a higher transaction speed than the king crypto.
Schiff likens DOGE to the Facebook behemoth
The prominent Bitcoin hater has also compared Bitcoin and DOGE to two major social media platforms: Bitcoin to MySpace and Dogecoin to Facebook.
Bitcoin was the first-ever cryptocurrency to emerge just as MySpace appeared prior to Facebook. However, many in the crypto community would doubt that DOGE is better than Bitcoin, aside from the transaction speed.
No cryptocurrency will ever be able to replace gold, though, Peter Schiff claims.
Does Peter Schiff hold Bitcoin after all?
This major gold proponent claims to be against Bitcoin and all other cryptocurrencies, claiming BTC to be a Ponzi scheme and a bubble.
Peter Schiff Twitter
However, unlike other steady Bitcoin haters, such as Nouriel Roubini, Schiff tweets about Bitcoin very often and has now added Doge. Some in the community believe that the vocal Bitcoin hater might in fact be a Bitcoin holder; he would not be tweeting about it so often otherwise.
Last year, in January, Schiff tweeted that he was unable to access his $100 in Bitcoin that was given to him by Erik Voorhees, the ShapeShift founder.
This happened because Schiff confused the pin for the password, showing a lack of basic knowledge that a crypto holder has.
Yuri MolchanLatest From Peter Schiff
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.
'Crypto inflation far exceeds sovereign inflation'
Peter Schiff Instagram
Schiff tweeted that the overall amount of cryptocurrencies very much exceeds that of fiat currencies: 9,125 crypto versus 180 fiat.
Ninety-five crypto coins have a market cap of over $1 billion. That cannot be scarce, he claims, adding that the potential supply of cryptos based on fiat currencies (as he put it, perhaps referring to stablecoins) is unlimited.
That is why, he insists, crypto inflation is much bigger than sovereign inflation.
Peter Schiff Twitter Joe Rogan
There's only 180 fiat currencies in the world. There's already 9,125 #cryptocurrencies in the world, with 95 having market caps that exceed $1 billion. How is this scarce? The potential supply of digital fiat tokens is unlimited. Crypto #inflation far exceeds sovereign inflation.
'Not much difference between #Bitcoin and any other crypto'
Peter Schiff is a gold lover. That is why he has again brought up the topic of gold vs. Bitcoin.
While replying to Bitcoin influencer Anthony Pompliano, Schiff claimed that gold is the scarcest metal, aside from being most useful.
He repeated his thought that the potential number of new cryptocurrencies has no limit and, in this way, Bitcoin, he said, does not differ much from any other digital currency.
Pompliano reminded him that there are only 21 million Bitcoins and there will never be more. As for gold, he wrote, 'You just haven't dug enough of it out of the ground yet!'
He added that gold is dying and investors are selling it to get into Bitcoin.