Despite Denouncing Bitcoin, Investor Peter Schiff Now Accepting Bitcoin For Gold
Famed gold supporter and investor Peter Schiff hasn't quite gone down in the books as a supporter of bitcoin. Late last year, Schiff appeared on CNBC program "Futures Now" to denounced the digital currency, calling it a "modern-day tulip mania" and saying he doesn't "think it's going to end up being a source of commerce for the world." Fast forward to today. Schiff's Euro Pacific Precious Metals is now accepting bitcoin - as you may have seen in the headlines this morning - allowing gold bugs to get their paws on the precious metal using digital currency. The same digital currency Schiff....
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Gold bug Peter Schiff has revealed that his son, Spencer Schiff, has gone all-in on bitcoin. Calling his son “brainwashed” for buying so much of the cryptocurrency, Schiff added that he may need to “disinherit” his son to avoid the youngster burning through his hard-earned money. Peter Schiff’s Son Has Gone Full Bitcoin Euro Pacific Capital CEO and host of the Schiff Radio Show, Peter Schiff, tweeted on Wednesday: My son Spencer Schiff went all in on bitcoin on the last drop below $50k. 100% of his portfolio is now in bitcoin. He sold the last of his silver....
Bitcoin is often called digital gold, much to the dismay of gold bugs like Peter Schiff. Unfortunately for boomers like Schiff, millennials like his son Spencer, are increasingly opting for the cryptocurrency instead. Schiff even recently slammed his son publicly on Twitter, insulting his purchase of BTC, and calling his investing ability into question compared […]
Gold bug Peter Schiff has settled with Puerto Rico’s financial regulator and agreed to liquidate his Euro Pacific Bank. Schiff stressed that he is not admitting to any legal wrongdoing.
Peter Schiff Liquidating Euro Pacific Bank
Gold bug and notorious bitcoin skeptic Peter Schiff has settled with the Office of the Commissioner of Financial Institutions of Puerto Rico, also known as Oficina del Comisionado de Instituciones Financieras (OCIF), and agreed to liquidate his Euro Pacific Bank. He tweeted Wednesday:
I have agreed to a settlement with Puerto Rican banking....
Just over one week ago, investor and gold bug Peter Schiff announced that his company, Euro Pacific Precious Metals, would be accepting bitcoin in exchange for gold. The news made headlines rather quickly, mostly because Schiff has denounced bitcoin, at one point calling it a "modern-day tulip mania." It was an interesting turn of events, frankly, but the move doesn't seem to have had much of an impact on Euro Pacific revenues. Schiff appeared on business television network CNBC on Thursday and made an interesting revelation: one one person has taken him up on his offer and purchased the....