- So, now we all know Bitcoin hater Peter Schiff owns Bitcoin.
- Is he a hypocrite?
- Schiff says No, he just doesn't say no to free stuff.
Who wants to Say No to Free BTC? Not Peter Schiff!
Schiff, in his latest podcast, tried to “set the record straight” that he is in no way pro-Bitcoin, he just had been given some free BTC.
But did he want to buy Bitcoin ten years back when one BTC was worth a hundred dollar?
“Of course,” said Schiff emphasizing, “I would be an idiot not to wish I bought Bitcoin before the bubble really formed when I first heard about it.”
He could have made a lot of money buying Bitcoin under $100, “so, why wouldn't I regret that. Clearly I'd be richer had I done that, but that doesn't change how I feel about it now.” Even his fellow Bitcoin haters Warren Buffett or Nouriel Roubini wishes they had bought it at that time, said Schiff.
It’s two different things to buy it when few people know about it and when it’s a huge gigantic bubble, he says.
In his Defense, he doesn’t know how to “Reject” the Gift of BTC that keeps on coming. Schiff says he didn’t buy any bitcoin rather was given to him by Eric Voorhees, CEO of ShapeShift, with whom he debated at an event.
The gold proponent says he has been given Bitcoin gifts and he doesn’t know “how to reject it” and why would he:
“if somebody wants to send me some free Bitcoin I'll take it I mean I can turn right around and sell it.. I mean I know that there's a market for it now.”
— Peter Schiff (@PeterSchiff) July 5, 2019
It’s just people who are giving him Bitcoin are “idiots” or just generous as he doesn’t need money.
Well, he isn’t no Bitcoiner, but believes “it’s kind of cool that you can send it very quickly.” This is “one of the good features” of Bitcoin but it has no market value, said Schiff, because it’s based on perception and demand.
But keep on sending so he could finally have a “whole BTC”
He says believing that he supports Bitcoin because he owns “free” BTC is the same nonsense as “golden asteroid.”
The existence of a golden asteroid is fake news– a lie spread to pump Bitcoin. 16 Psyche is a rare metallic asteroid with a composition similar to the earth’s core. It’s made almost entirely of an iron-nickel allow, with small amounts of other metals, likely to include gold.
— Peter Schiff (@PeterSchiff) June 29, 2019
These stories, according to him are spun by Bitcoin supporters because it is marketed as a disrupter of the gold market.
So, Schiff, in his defense says, if Bitcoin community want to send him Bitcoin, “keep on sending them” because he wants to “get up to a whole Bitcoin.” Once he does, he’ll figure out if he wants to HODL, which “would be the right thing to do.” And once it goes to million he’ll “buy a Lambo.”