Euro Pacific Capital CEO Peter Schiff, who’s known as a bitcoin detractor and a gold bug, took to Twitter this week to share that Tesla has actually been losing its share price after purchasing bitcoin – a downslide some have blamed on the carmaker’s chief, Elon Musk. 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. 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.
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.
“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.
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. Apache web server. Counter strike steam download. But as they say, if you can’t win then join them.
Peter Schiff Twitter Eggplant
Peter Schiff Tweets
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.