Peter Schiff News

Peter Schiff’s bank closure highlights why Bitcoin is crucial for financial freedom, as the nascent asset class has already helped nearly 4 million unbanked in El Salvador to gain banking facilities.

Puerto Rico regulators closed down Schiff’s bank for not maintaining the net minimum capital requirements. As a result, customers lost access to their accounts following a subsequent freeze.

While many analysts believe Bitcoin is destined for six figures if support at $40,000 can hold up, others are predicting an imminent bear cycle.

During the debate, Schiff said that “in reality, Bitcoin and gold have absolutely nothing in common” as gold has value due to its metallic properties, while Bitcoin is just a “giant pump and dump.”

Peter Schiff calls his son “brainwashed” for his 100% Bitcoin portfolio.

Schiff looks increasingly isolated in his Bitcoin hating as former skeptic Cuban tells him to "move on" from gold.

As Bitcoin wobbles following a spurt to above $58,000, concerns mount about the depth of a possible inbound correction.

While Musk said Schiff "might as well" have crypto in lieu of gold deposit statements, he did warn that digital currency valuations may be running hot

"While a temporary move up to $100K is possible, a permanent move down to zero is inevitable," Schiff said on Twitter.

Why have Bitcoin critics been so silent in 2020?

And they’re out here absolutely schooling non-believers on why crypto is king.

Shapeshift CEO Erik Voorhees believes any asset manager who is ignorant of Bitcoin “needs to seriously check their premises.”

Peter Schiff seems to disagree, however, having bashed Bitcoin a number of times in the past 24 hours.

Taking U.S. dollar devaluation into account, gold has still not reached the all-time price high it set in 1980.

In light of Bitcoin’s recent price rally, mainstream media has started to cover the industry again, but remain unconvinced it’s a true store of value.