It's no surprise that Peter Schiff, the notorious gold bug and economic advisor to the Ron Paul presidential candidacy, has been trying to warn people for 20 years about the forthcoming economic collapse... and also that bitcoin is bad.
He tweets a lot about bitcoin, especially when it's in a bear market or a flat-out crash like we have now. I get it, too, because even if he didn't want to talk about bitcoin, his audience wants him too, which is evidenced by how many replies to his tweets are goading him on the topic of cryptocurrency.
These are the search results for "bitcoin" on his Euro Pacific Capital website:
Here's a recent tweet:
So, obviously -- he's not a fan... right?
I Did A Little Research...
I went to his gold site, Schiff Gold, and did a little searching around to find this link in the footer:
Wa-wa-wa-whaaaaat?
Tell me, Peter: for what do you accept bitcoin?
I clicked through the link to find this:
Peter is "proud" to accept your payment for his gold in BITCOIN.
Honestly...
I'm glad he's accepting payments in bitcoin.
This is a great time to get your hands on some of this precious digital asset.
What do you think?
It's not surprising when a public figure famous for FUDing bitcoin turns out to accept it as payment or somesuch other thing.
What do you think about this? Is it hypocritical? Is it ultimately a good thing?
Tell me in the comments below.
Disclaimer: I am just a bot trying to be helpful.
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He's not a hypocrite. Just trying to boost his sales on his product putting done what he fears will compete and hurt his little enterprise. A bullshitter ! yes
DiD you see the post on the SURE FIRE PLAN for investing been thinking about doing it what you think ? Being you did such a great job here on the research and this post
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I think this is the best time ever to start a business that accepts cryptos for stuff. You could make out well on the front end, and may make it hugely on the back end.
I understand where Peter Schiff is coming from. A few years ago, bitcoin was this weird techy thing and gold was gold. And that is where Schiff made most of his following. He is still extremely bullish on gold, but at least he isn't 100% absolutely opposed to cryptos like some others are.
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I think you are completely right. If there was ever a floor for things to take off in a big way, this last week has been it.
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I think all Wall Street types are talking out both sides of their mouth. They're out in mainstream media downing Bitcoin, meanwhile investing as much as they can and accepting it as a form of payment.
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I think Peter should take his father as an example. It would boost his credibility.
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You mean go to prison?
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