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Peter Schiff: investors were stupid enough to buy bitcoin

Bitcoin skeptic and gold advocate Peter Schiff congratulated those who managed to buy the first cryptocurrency before take off and made Wall Street succumb to “this mania.”

“When I first heard about Bitcoin, I didn’t think that smart investors would be stupid enough to buy. [биткоин]… I was wrong, “wrote Schiff.

In March 2020, a proponent of gold spoke unflatteringly about the brains of cryptocurrency investors.

In October, Schiff called Bitcoin the largest bubble in history. According to him, asset holders are more confident in their righteousness than investors during the dot-com and mortgage crisis.

In December, an implacable bitcoin skeptic criticized the head of MicroStrategy Michael Saylor for publicly announcing plans to buy the first cryptocurrency with $ 650 million raised by the company.

Recall that in January 2021, cryptocurrency enthusiasts told Schiff about the true purpose of gold. In February, Tesla and SpaceX founder Elon Musk explained to a precious metal supporter what real money is.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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