Gold Bug Schiff Calls Bitcoin Fiat Following Fed Comments

[Tnoy30]

Peter Schiff agrees with the Fed that Bitcoin should be classified as fiat currency.
Economist, financial commentator and gold advocate Peter Schiff once again bashed Bitcoin in a tweet, essentially calling it fiat currency — the name for regional currencies, such as the U.S. dollar.

"The Fed gets Bitcoin right," Schiff said in a June 20 tweet, adding:
Read on: https://cointelegraph.com/news/gold-bug-schiff-calls-bitcoin-fiat-following-fed-comments

[TomPluz]

The Fed can treat Bitcoin as a fiat currency...but is the Fed really the most qualified to tell us what Bitcoin is? Bitcoin in the first place is not a pro-government (also not really anti) platform and should be beyond the control of the government. As to Peter, he has all the liberty to say whatever he wanted to say but for now his comments has no influence anymore with Bitcoin as people in cryptocurrency are already tired to his many anti-Bitcoin comments.