Is a Crypto Skeptic Peter Schiff Turning into Crypto Enthusiast?


As we all are aware that every coin has two sides. when it comes to opinion towards Bitcoin, we have people who are for as well as who are against it. It is clear that people who are against crypto are those who do not understand the technology and those who fully support the world with decentralized peer-to-peer money.

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital Inc, a gold lover and highly skeptical about Bitcoin, claimed that bitcoin is “utter nonsense”

Now here comes the twist, on July 5th, Peter Schiff admitted to own Bitcoin (BTC), Ether (ETH), and Bitcoin Cash (BCH), and said that he was going to HODL his bitcoin no matter what happens to the BTC price.

On July 5th, Co-founder and partner at Morgan Creek Digital, Anthony Pompliano, Revealed in his tweet that, “PeterSchiff recently admitted that he actually does own some Bitcoin”.

Later, Schiff responded trying to defend his position by stating “he only holds $100 worth which was a gift”. 

Further, Pomp offered to send a few BTC (in satoshis) if Peter shared his Bitcoin address, which he duly provided.

Soon after Schiff tweeted out his BTC wallet address (“1LZpj4zkgcGzGb9EuLLbwby1BPT3c1uRTy”), he started receiving bitcoin.

Later, around one and half hours after Pomp’s suggestion for people to start sending Bitcoin, Schiff made a very interesting comment:

By 03:42 UTC, Schiff had more than $500 worth of Bitcoin

However, In less than 24 hours, 0.17 bitcoin had been sent to the address he provided, which is worth $1,900.

Meanwhile, when Schiff checked his crypto, he discovered that he owned some BTC, BCH, and ETH.

Shiff, ended up conceding that he will keep the coins. He tweeted, “I guess I’ll have to hodl it and go down with the ship.”

It is worth noting that his own company, ShiffGold, accepts payments in BTC and BCH for gold and silver investments. 

What’s your view on Peter Schiff? Will he hodl or sell the Bitcoins? Share your Thoughts on our Facebook and Twitter Page.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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