Peter Schiff Lambasted Over Lazy Bitcoin Price Tweet Error
Peter Schiff is not shy about his dislike of Bitcoin. In fact, he talks about the cryptocurrency almost as much as he talks about his favourite shiny yellow metal.
To the proponents of Bitcoin, a lot of Peter Schiff’s Tweets are amusing, particularly since he doesn’t see that almost all of the points he makes about gold are relevant to Bitcoin. However, his latest anti-Bitcoin rant is a special one – namely because he appears to have grasped the figures used to labour his point from thin air.
Hey, Peter, Just Where are you Getting that Bitcoin Price From?
In a posted earlier today, the famous hoarder Peter Schiff once again outlined the virtues of gold at the expense of Bitcoin. Clearly feeling smug about the metal’s recent price rise, he argued that since a date apparently randomly cherry-picked by himself, June 19th, Bitcoin has had every chance to outperform gold but hasn’t.
Since June 19th, favorable press, weakness in global currency and stock markets, falling interest rates, and a 10% rise in the gold price, have provided ample reasons for Bitcoin speculators to buy.