Peter Schiff used to be one of my favorite economists. I thought he practiced what he preached all these years. Come to find out that he is just a gold salesman. Yes, he still has some good economic perspectives but he is dead wrong about Bitcoin. And that's okay to be wrong about something. The problem is when you can't admit it and continue in denial to the point of losing your reputation. That is what Peter Schiff has become. I shell of himself in pursuit of jealousy and rage over the fact that Bitcoin is destroying his gold business. Sad days ahead of him.
Peter Schiff used to be one of my favorite economists. I thought he practiced what he preached all these years. Come to find out that he is just a gold salesman. Yes, he still has some good economic perspectives but he is dead wrong about Bitcoin. And that's okay to be wrong about something. The problem is when you can't admit it and continue in denial to the point of losing your reputation. That is what Peter Schiff has become. I shell of himself in pursuit of jealousy and rage over the fact that Bitcoin is destroying his gold business. Sad days ahead of him.
Aww, yeah, thanks for explaining. Very disappointing.
2 months later and bitcoin lost 50% of it's ATH value. I am sure people who popped in at the top of a bubble would be happier with investing in gold.