Peter Schiff news

Peter David Schiff is an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist[2] of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.

World latest news

If You Followed Peter Schiff’s Calls, You Missed Gains of 44,400% on BitcoinIf You Followed Peter Schiff’s Calls, You Missed Gains of 44,400% on Bitcoin

Peter Schiff, the chief executive of Euro Pacific Capital and Chairman of Schiff Gold, is an outspoken bitcoin hater. His animosity against the top cryptocurrency can be traced as far back as June 21, 2011. In his very own radio show, Schiff fervently expressed how bitcoin had no intrinsic value. He said, Intrinsically, the bitcoin […] The post If You Followed Peter Schiff’s Calls, You Missed Gains of 44,400% on Bitcoin appeared first on CCN.com Peter Schiff, the chief executive of Euro Pacific Capital and Chairman of Schiff Gold, is an outspoken bitcoin hater. His animosity against the top cryptocurrency can be traced as far back as June 21, 2011. In his very own radio show, Schiff fervently expressed how bitcoin had no intrinsic value. He
CCN

Peter Schiff says Bitcoin investors made losses of 40% compared to gold over the same period

Digital currency asset management company, Grayscale Investments had launched a marketing campaign dubbed #DropGold back in May this year. The campaign advocated Bitcoin as an alternative to investing in gold. Peter Schiff, CEO of Euro Pacific Capital and Chairman of SchiffGold, was especially not too pleased with the off-the-cuff attack on gold. Known for his […] The post Peter Schiff says Bitcoin investors made losses of 40% compared to gold over the same period appeared first on AMBCrypto.
AMBCrypto

Peter Schiff Bites Back At Grayscale CEO, ‘Drop GBTC and Buy Gold’

Peter Schiff, known for his asset recommendations, pointed out the relative success of physical gold over Bitcoin (BTC). At least for a limited time period, investors in BTC logged deep losses of 40%, while gold chugged slowly upward. Gold Beat BTC with Lower Volatility Since June 26th anyone who followed @barrysilbert's advice to go digital by dropping gold and buying GBTC has not only missed a 7% gain in the price of #gold, but suffered a 40% loss on the price of GBTC. Drop GBTC and buy gold before the loss on this trade gets much larger! — Peter Schiff (@PeterSchiff) September 25, 2019 Gold reawakened in 2019, but its gains were still relatively small in comparison to the swings and fluctuations of the crypto market. Bitcoin slid from a yearly peak at $13,800, wiping out most of the yearly gains. But the gold bugs also had their moment of shame, as gold failed to sustain its rally. Prices started a significant reversal, turning down to $1,500. Gold spot prices sank to $1,509 from recent levels of $1,530. Gold tanks https://t.co/QNHW58t074 pic.twitter.com/yxTjBUlpUn — Bloomberg Markets (@markets) September 25, 2019 Both Play on Interest in Sound Money The comparison between BTC and gold is close to impossible, as the new digital asset went through an unprecedented boom, becoming the fastest-appreciating investment in the world. Gold is rather conservative in comparison and lost favor in the past decade as the stock market heated up. But the interest in gold is seen as potentially positive for bitcoin, which also appeals to those that want the certainty of sound money. The drive to gold and digital cash may grow, especially after the recent liquidity injections from the US Federal Reserve. The Fed injected three tranches of extra liquidity into overnight repo lending facilities, to calm fears about the solvency of banks and smooth out overnight rates. The increased liquidity also caused inflationary fears, adding to this summer’s growth in gold prices. Factors that are favorable to gold may also be favorable to BTC. However, digital asset prices are much more volatile and gains may arrive just as rapidly as losses. BTC traded at $8,464.18, still awaiting a verdict on reaching bottom prices. Most of the losses for BTC were incurred in the past few days when the leading coin erased nearly $1,500 within hours. Acquiring BTC may also be easier, and in the end, the digital coin may be more liquid than acquiring gold. Actually storing physical gold has additional expenses and risks. While BTC is volatile, it can be readily sold by anyone in the world, with a much lesser risk of fraud. What do you think about the potential of gold versus BTC? Share your thoughts in the comments section below! Images via Shutterstock, Twitter @markets @peterschiff The post Peter Schiff Bites Back At Grayscale CEO, ‘Drop GBTC and Buy Gold’ appeared first on Bitcoinist.com.
Bitcoinist

Peter Schiff Says Rapid Decent Will See Bitcoin Reach $4,000 Or Lower

Bitcoin has confirmed a bearish reversal. In the last 24 hours, the market has bled, wiping out billions in a couple of hours. As is the case, the skeptics have taken this opportunity to hit at digital assets. And as panic grows, the believers have been reassuring the market, hoping the market can find some stability. Two of the most outspoken people from both sides, Peter Schiff and Anthony Pompliano have been playing their part. On one side, Schiff has been calling for further downside from Bitcoin stating that prices are headed to $4,000 or lower. In Schiff’s view, Bitcoin has hit its top and a 50% downside will follow. In a tweet he stated: “#Bitcoin has finally broken below the support line of the large descending triangle it has been carving out for months. This is a very a bearish technical pattern, and it confirms that a major top has been established.  The risk is high for a rapid decent down to $4,000 or lower!” Schiff’s outlook looks unlikely with many attributing the recent drop to the disappointing Bakkt launch rather than prices having topped. This has culminated with a rapid drop with Bitcoin’s hash rate which as we reported dropped by around 40%. If it’s so, then prices will begin recovering soon as the market comes to terms and the launch begins gathering momentum and as hash rate gets back to previous highs. Pompliano, in a move to reassure investors, stated that this, and other short term price movements, have nothing to do with the long term outlook. While this is not entirely true since volatility continues to hinder adoption of the asset, it reassures investors that this is mere setback and prices are likely to recover in the days to come. Bitcoin Price Update At the time of press, Bitcoin is hovering just above $8,300 after breaking the $8,500 support. It is crucial that the asset finds support above $8,000 with further drops likely to see the asset test the $7,500 support. The post Peter Schiff Says Rapid Decent Will See Bitcoin Reach $4,000 Or Lower appeared first on ZyCrypto.
ZyCrypto

Bitcoin Price Rapidly Headed to $4,000 or Lower, Says Hater Peter SchiffBitcoin Price Rapidly Headed to $4,000 or Lower, Says Hater Peter Schiff

Stockbroker, financial commentator, and gold proponent Peter Schiff’s disdain for bitcoin is well known. The gold bug hasn’t held back in his criticism of the flagship cryptocurrency, calling it a “Ponzi Scheme” earlier this year. He now seems to be taking sadistic pleasure as the price of bitcoin is crashing, and he is rubbing it […] The post Bitcoin Price Rapidly Headed to $4,000 or Lower, Says Hater Peter Schiff appeared first on CCN.com The price of bitcoin could head to $4,000 if gold bug Peter Schiff is to be believed.
CCN
More news sources

Peter Schiff news by Finrazor

Trending

Hot news

Hot world news

Litecoin (LTC) Celebrates Its 8th Anniversary!

Litecoin (LTC) is celebrating its 8th anniversary.  Eight years ago, the Litecoin Network was launched the day in which Steve Jobs, Apple’s founder, died at 56. The firs […] The post Litecoin (LTC) Celebrates Its 8th Anniversary! appeared first on UseTheBitcoin.
Use The Bitcoin

Banks are Feeling Threatened of Bitcoin and for Good Reason, Tim Draper

A new opportunity for a new currency Governments have to adapt to not control through currency Venture capital investor and Bitcoin bull Tim Draper currently in an interview shared how currencies today are based on faith in the government. But Bitcoin is a currency that isn’t backed by the government rather frees us from that […]
Bitcoin Exchange Guide

Bitfinex and Tether Lawsuit Analysis: The Severity of Roche Freedman’s Case

Stablecoin firm Tether and its associate exchange Bitfinex have received a suit filed by a New York-based legal firm Roche Freedman against Tether token (USDT, stating that it is engaged with market manipulation as the consequence of an unpublished paper. The case encloses that the above-mentioned firms were involved in a “sophisticated scheme” on account […]
Bitcoin Exchange Guide

Ripple Consolidates its xRapid, xCurrent and xVia Features Under One Network; RippleNet

Ripple recently announced the consolidation of its services within RippleNet offering. The blockchain-oriented firm known for its convenient transfer features in the blockchain ecosystem made these changes to enhance service delivery to clients. The New Ripple Network Outlook A spokesman from Ripple noted that besides the change of name, the firm had sought to make […]
Bitcoin Exchange Guide
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.