Bitcoin Gaining the Attention From the Old Guard of Sound Money Enthusiats; Peter Schiff of Euro Pacific Capital Reveals His Thoughts on Gold Silver BItcoin
Bitcoin, the crypto-currency that is making headway in its battle to gain supremacy in the financial world, is gaining the most notoriety among the traditional hard money advocates of the precious metals world.
Peter Schiff, with his knowledge of markets and hard assets says that he is skeptical of bitcoin because it, "lacks any intrinsic value".
Of course he is talking about the fact that bitcoin is essentially nothing more than digital files floating around cyber space. What Peter misses however is that the same fundamentals of limit supply and difficulty in mining make Bitcoin the digital equivalent of gold, silver, platinum, and palladium.
The only thing that is missing is the industrial components that the other metals possess, being necessary for almost every piece of technology that modern man requires.
Goldsilverbitcoin
Goldsilverbitcoin.com is the industry leader in enabling investors to diversify their assets in precious metals and Bitcoin. Visit the website below for the next step in wealth preservation.
Goldsilverbitcoin: https://goldsilverbitcoin.com/
Related News
Peter Schiff finally decides to embrace Bitcoin. BitPay, a Bitcoin payment processor with more than 30,000 merchants on its roster, has announced a partnership with Peter Schiff's Euro Pacific Precious Metals. Although Schiff has been quite critical of Bitcoin in the past, it seems that he now understands the importance of embracing the revolutionary payment system and digital currency. Many other gold and silver dealers already accept Bitcoin in the United States and other parts of the world, but Euro Pacific Capital is the largest such company to accept the digital currency up to this....
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....
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst cybercrime group. Peter Schiff’s Euro Pacific Bank Probed by Tax Authorities Euro Pacific Bank, a Puerto Rico-licensed bank founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of Australia, the Netherlands, the U.S., Canada, and the....
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....
Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug Peter Schiff, has been suspended by the Office of the Commissioner of Financial Institutions of Puerto Rico, also known as Oficina del Comisionado de Instituciones Financieras (OCIF). Insisting that there is....