Bitcoin ETF launch day could be more than just a “sell the news” event for BTC price, says Peter Schiff.
Peter Schiff News
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“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.
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The value of popular NFTs has sharply declined over the past year, with drops of up to 95%.
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Despite hating on crypto for years, and calling NFTs worthless and easy to replicate two years ago, Peter Schiff is set to release an NFT art collection on Bitcoin.
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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.
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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.
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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.
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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.”
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Peter Schiff calls his son “brainwashed” for his 100% Bitcoin portfolio.
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Schiff looks increasingly isolated in his Bitcoin hating as former skeptic Cuban tells him to "move on" from gold.
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As Bitcoin wobbles following a spurt to above $58,000, concerns mount about the depth of a possible inbound correction.
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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
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"While a temporary move up to $100K is possible, a permanent move down to zero is inevitable," Schiff said on Twitter.
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Why have Bitcoin critics been so silent in 2020?
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And they’re out here absolutely schooling non-believers on why crypto is king.
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