Back

Vocal Crypto Hater Peter Schiff Admits He Owns Bitcoin

News
Fri, 07/05/2019 - 07:02
article image
Alex Dovbnya
Right after accusing Bitcoin bulls of inventing a fake golden asteroid story, Peter Schiff accepts Bitcoin from Anthony Pompliano
Vocal Crypto Hater Peter Schiff Admits He Owns Bitcoin
Cover image via U.Today
Contents

Peter Schiff, CEO of Euro Pacific Capital, recently made a stunning revelation that he does own some Bitcoin despite his harsh criticism of the world’s largest cryptocurrency. 

According to Schiff, his Bitcoin holdings are rather meager, but there is actually no way to prove it.  

Related Anti-Gold Bitcoin Ad Is Coming to Your Cable TV and Streaming Services
Related
Anti-Gold Bitcoin Ad Is Coming to Your Cable TV and Streaming Services

$100 or millions?

The fact that even Schiff owns some Bitcoin made anyone question whether he genuinely hates crypto. After all, him constantly trashing Bitcoin might be just another attempt to lower its price in order to accumulate more digital gold. 

After all, Schiff was the one who famously predicted the 2008 crisis, so he (probably) wouldn’t let this opportunity slip. 

While we aren’t able to find out how many Bitcoin wallets Schiff owns for sure, it’s safe to say that he now has $100 more worth of BTC after Anthony Pompliano’s generous contribution.

Related Forbes: Bitcoin Is the New Gold, $10,000 Not a Hard Target in 2019
Related
Forbes: Bitcoin Is the New Gold, $10,000 Not a Hard Target in 2019

A golden asteroid

In other news, Schiff also debunked the golden asteroid story in an interview with RT, claiming that it was fabricated to pump the price of Bitcoin.

“It’s not a scientific or economic story, and it’s just nonsense. It is being floated by the bitcoin community to try to create the false narrative that gold supply is not scarce so the price of gold is going to crash”

The asteroid named Psyche 16 allegedly contains $700 quintillion worth of precious metals, including Schiff’s much-beloved gold. However, the gold price is probably safe for a while since NASA’s Psyche mission will only take place in 2022

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.