Spencer Schiff, son of the prominent Bitcoin critic and gold bug Peter Schiff, has tweeted that over the past year an important change has occurred in his life – he has gone all in on Bitcoin from gold.
Peter Schiff’s son chooses Bitcoin over gold
Back in August 2020, he held most of his savings in the most popular precious metal and now he has dumped it all to go in all Bitcoin.
He does not plan to stop adding more BTC to his holdings, it seems
Lately, Peter Schiff, the CEO and the global strategist at Euro Pacific Capital, a stockbroker who often makes an appearance on the radio and TV and runs his own podcast, tweeted that he considers those who are not promoting Bitcoin now “real idiots”
He also opined that Bitcoin will never attain $100,000 and compared BTC to the tulip mania. However, he has also several times regretted the actual fact that he didn’t purchase Bitcoin when he only heard about it in the asset’s very early days.
When answering a query from Kraken’s Dan Held if he is going to pay for Peter’s retirement, Spencer tweeted that his father has plenty of assets not related to gold and so he’s not going to lose all his net price on gold.