Peter Schiff: I Was Wrong on Bitcoin

By Permabull | Permabull | 7 Sep 2020

This looks like the best news of the day in the crypto world. Mr Shiff said:

I was right on #gold, but wrong on #Bitcoin. The latter did managed to get through resistance and rally up to $12K, thanks in large part to a ride on gold's coattails and a massive TV advertising buy by Grayscale. By falling back to $10K Bitcoin quickly returned to a bear market.

He still claims Bitcoin is in bear market but I believe he just has to learn about Bitcoin more, especially about the halvings and 4-year cycles. Having Peter Shiff on our side will make a massive difference in the future and I'm simply too excited not to share the news.

Thank you guys for reading, liking, following, and tipping. Extremely appreciated! 👍

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Permabull

Saw crypto as a way to make some cash, a get rich quick scheme. Learned about the tech and will stay in forever. Watching the GOV spending in 2020 made me realise how fiat is controlled way too much and becoming worthless be a minute. Bitcoin for the WIN!