‘I Guess I’ll Have to Hodl It’ -— Peter Schiff Admits Having ₿itcoin
Veteran gold bug and ₿itcoin (BTC) skeptic, Peter Schiff, has taken delivery of $1,350 worth the cryptocurrency after the industry sent him donations on July 4.
Schiff, who is well known for warning investors not to trust ₿itcoin as replacement for gold, triggered the goodwill gestures after becoming the topic of a Twitter debate with Morgan Creek Digital co-founder, Anthony Pompliano.
Pompliano (also known as Pomp), highlighted the fact that Schiff in fact does own some BTC despite his negative comments.
Schiff responded that it was a token amount given as a gift – just $100 – after which Pompliano requested his BTC address in order to double it.
Others subsequently followed suit. At press time Friday, Schiff’s wallet contained at balance of $1,350 (0.124 BTC) after 52 transactions.
The SchiffGold CEO thanked Pompliano and others when his balance still totalled just $130.
“I guess I’ll have to hodl it and go down with the ship,” he said.
Those comments ran in stark contrast to his infamous recent exchanges with ₿itcoiners and an appearance on a live debate with ‘The ₿itcoin Standard’ author, Saifedean Ammous.
“It doesn’t matter how high the price of ₿itcoin rises unless you sell. Every buyer must eventually sell to realize any benefit from the rise,” he wrote about ₿itcoin’s current bull run last week.
Signs Schiff is in fact not entirely anti-Bitcoin, meanwhile, have been evident for some time. Schiff Gold, for example, even offers it as a payment method.
Published at Fri, 05 Jul 2019 07:28:00 +0000
