Peter Schiff Dismisses Elon’s Concept of a Transparent BTC Mining Plan

American stockbroker and founding member of the Euro Pacific Asset Management Peter Schiff is skeptical about Elon Musk's idea of a sustainable BTC mining practice. The Tesla CEO attended a meeting hosted by Micro Strategy's head Michael Saylor to urge the North American Bitcoin miners and the global mining community to publish their current and planned energy usage.  In addition to that, the miners in attendance agreed to develop a Bitcoin Mining Council that will encourage sustainable initiatives on a…

Block.One CEO Disputes’ Bitcoin is Money’ Claims on Social Media

Several perspectives on the role of Bitcoin continue to render many at loggerheads. The joint founder and CEO of Block.One, Brendan Blumer, expressed his thoughts concerning Bitcoin on Twitter. Blummer said the world's largest cryptocurrency is not money and is in no way ever going to be. Responding to a tweet written by Peter Schiff, he added that Bitcoin is the immediate gold generation. He continued to say the purpose of the cryptocurrency is not to get used as everyday…

Investors are Leveraging Coronavirus Outbreak to Sell the Market, Says Peter Schiff

The US is experiencing declines in the market sector, and people blame it on the coronavirus pandemic. Nevertheless, Peter Schiff, a Bitcoin critic, believes that investors are leveraging the outbreak to sell the market. In January, the cryptocurrency market experienced uptrends that made ETH, BTC, and LTC gain more than 20%. However, the US market declined, leading to the attainment of 2019’s lows. Recently, the Chinese market also decreased by 8% despite PBOC pumping $174 billion. Schiff on Twitter about…

Has Peter Schiff Lost All His Bitcoin?

On the 19th of January 2019, Peter Schiff claimed to lose access to all his Bitcoin holdings. Schiff is the CEO of Euro Pacific Capital, as well as the founder chairman of SchiffGold. He is also a renowned Bitcoin critic, quite skeptical about the crypto, exceedingly bullish when it comes to gold, and likewise bearish on the USD. On the 4th of July 2019, Schiff claimed to have three crypto assets, Bitcoin, Ethereum, and Bitcoin Cash. He also said he…

The Predicted Bitcoin Decline Did not Occur, as Gold Plunges by 4%

Peter Schiff predicted a looming decline in the price of Bitcoin to $1000, some time ago. Nevertheless, since currently, the prediction did not come true, Bitcoin’s price is on the upside, above $8500. As per CoinmarketCap and Kitco, Bitcoin’s price surged by 7.5% within the previous week, while Gold declined by 4%. On the other hand, the XAU/USD price attained highs of $1610 on the 8th of January but after that fell dramatically. At press time, the price was at…

Peter Schiff Criticizes Bitcoin Performance

On the 27th of December,  Peter Schiff criticized Bitcoin for its poor performance to the end of 2019. He said that most asset classes are experiencing rallies at the end of the decade, as the price of Bitcoin remains close to the $ 5700 level. At the time of writing, the price was at $ 7300, after a 0.5% decline, within the previous 24 hours. The US stock market just attained a fresh all-time high in 2019 due to an…