Bitcoin (BTC) skeptics such as Peter Schiff and Mark Cuban will all buy “huge” amounts of the cryptocurrency, Max Keiser promises. In a tweet on June 26, the famously outspoken RT host said that he “100% guarantees” that some of Bitcoin’s biggest naysayers will ultimately flip bullish. “They’ll go all-in with huge buys” Gold bug Schiff, Cuban, and investor Jim Rogers will at some point fly the flag for Bitcoin instead of any alternative. “@PeterSchiff Jim Rogers, @mcuban and other pre-coiners represent huge pent-up #Bitcoin buying demand,” Keiser wrote. “When they finally understand it, they’ll go all-in with huge buys. …

Economist, financial commentator and gold advocate Peter Schiff once again bashed Bitcoin in a tweet, essentially calling it fiat currency — the name for regional currencies, such as the U.S. dollar. "The Fed gets Bitcoin right," Schiff said in a June 20 tweet, adding: "It categorizes it with fiat, in contrast to gold that has real value. It sees nothing new in Bitcoin, just in the way it's exchanged. As confidence in both traditional and crypto fiat is lost, savers will return to gold." The U.S. Fed classified Bitcoin fiat In a June 18 post, Liberty Street Economics, a blog …

In a recent interview with podcaster Joe Rogan, Elon Musk bashed inflation — a problem that Bitcoin (BTC) fixes. Some of the current United States population sees the economy as an ever-flowing gift basket that will continue providing essentials even while the country is shut down from its regular workflow, Musk told Rogan on Thursday. "This notion though, that you can just sort of send checks out to everybody and things will be fine, is not true," Musk said referring to stimulus money the U.S. government sent to citizens. The government cannot logically sustain its money printing efforts In an …

Bitcoin (BTC) hitting almost $9,500 on April 30 was a boon for cryptocurrency investors — but gold bugs were left holding the buck. As BTC/USD climbed to eight-week highs on Wednesday, the pair’s already handsome year-to-date returns began outshining its last major competitor — gold. Schiff blames speculators as BTC launches As Cointelegraph reported while prices aimed for $9,000, gold was still the best bet year to date. Now, however, Bitcoin has obliterated the precious metal’s rate of return. Topping out at $9,440 on Thursday, BTC doubled gold’s 13.1% rate of return in less than 24 hours. The surprising achievement …

Outspoken crypto skeptic and gold peddler, Peter Schiff, is once again taking aim at the Bitcoin community on Twitter. Schiff predicts that the coming years will see gold ‘moon’ while Bitcoin (BTC) “crashes back to Earth.” ‘Bitcoin bugs’ don’t understand money In a tweet posted on April 11, Peter Schiff predicts a reversal in what he describes as a persistent trend of “Bitcoin hodlers pok[ing] fun at gold investors” over BTC’s dramatic outperformance of gold in recent years. Schiff speculates that the trend will reverse as gold “moons” in the coming years, predicting that the price of BTC “crashes back …

The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years. According to figures from online monitoring resource Trading Economics, the tally now stands at $24.018 trillion as of April 9. The amount is equal to $72,888 for each U.S. citizen, or $193,805 per taxpayer. U.S. massive debt mountain mushrooms The almost incomprehensible size of national debt comes weeks after the Federal Reserve began an unprecedented money printing program. Providing $6 trillion of liquidity, the Fed led responses to the financial impact of the …

“Only fools are choosing Bitcoin” over gold, according to renowned gold proponent Peter Schiff. In a March 24 tweet, Schiff expressed his negative view of the intellectual capabilities of Bitcoin (BTC) investors. He wrote: “Only fools are choosing Bitcoin. So far this year gold is up over 7%, while Bitcoin is down 3%. Gold is only 2% from its 2020 high, while Bitcoin is 35% below its 2020 high!” Schiff also pointed out that during the 2008 financial crisis, gold fell by about 25% and reached a new high in seven months. Based on that, he made his prediction: “During …

Bitcoin (BTC) price took a bullish turn on March 10 as the digital asset surged to $8,150 before encountering resistance, which saw the price temporarily pullback to $7,730. The S&P 500 and Dow followed a similar trajectory by surging at the opening bell before pulling back sharply in the afternoon trading hours. “Unfortunately, a downward trend for now” Both indexes rallied into the close, possibly on the release of additional details about U.S. President Donald Trump’s proposal to shore up the US economy by extending relief funds to key industries, and a payroll tax to assist workers hurt by COVID-19’s …

Bitcoin (BTC) only rallying 3% this week is proof that investors should sell it, according to the latest conclusions from gold bug Peter Schiff. In a tweet on March 4, the outspoken crypto critic claimed that Bitcoin should have taken advantage of volatility in traditional markets. Schiff on BTC: “Look out below!” Despite reclaiming $8,800 since the weekend, Schiff said that BTC/USD “won’t go up” and that therefore selling pressure would ensue. “If @Bitcoin can't rally with an emergency 50 basis point rate cut, plus all of the recent stock, bond, currency and gold market volatility, under what circumstances will …

Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years. According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013. Gold drops 7% in 5 days after coronavirus sell-off Over the past five days, gold broadly succumbed to the sell-offs affecting traditional markets due to the ongoing coronavirus outbreak. Between Feb. 24 and Feb. 29, XAU/USD lost a total of 7.3% before a slight rebound. The fragile performance puts gold roughly on par with “digital gold,” …

Bitcoin (BTC) naysayer Peter Schiff has taken the opportunity to pour scorn on cryptocurrency investors after fresh price losses this week. In a series of tweets beginning Feb. 25, Schiff, well known as a gold proponent, claimed Bitcoin’s volatility made it inferior to the precious metal. Schiff: Bitcoin as a safe haven is “nonsense” BTC/USD has seen considerable selling pressure since the weekend, losing almost $1,000 over the past three days. “Bitcoin promoters claim #Bitcoin has proven itself to be superior to #gold as a safe haven and store of value. This is nonsense,” one post reads. “Bitcoin hasn't been …

Bitcoin (BTC) skeptic Peter Schiff has admitted that holding the cryptocurrency is profitable — but claims it will “never” compete with fiat currency. In a tweet on Feb. 18, Schiff, well known as a fierce Bitcoin critic and longtime gold bug, “conceded” that the cryptocurrency in the past ten years had been a successful investment. Schiff: BTC investors “make a lot of money” “I concede that anyone who bought #Bitcoin 10 years ago and sells it today will make a lot of money,” he wrote. “But I never said the price of Bitcoin could not rise. I only said that …