Peter Brandt Says Peter Schiff Criticizes Bitcoin to Attract Attention

[sirty143]

Veteran Trader Peter Brandt Says Peter Schiff Criticizes Bitcoin to Attract Attention, Increase Following

Veteran trader Peter Brandt has accused economist and gold advocate Peter Schiff of leveraging his criticisms of bitcoin to garner attention and increase his social media following. However, Schiff countered, asserting that... See more for yourself here.

Your opinion is greatly appreciated.

[Captain Corporate]

Well I could have told you that. It was obvious from the start that he is only doing it for attention, why? Well it is obvious that when he shares something like this, it becomes a news and his name will be out everywhere and if there is another anti-bitcoin investor out there with some money, he would be able to attract those people. There is really nothing wrong with Bitcoin, not to the point of saying you should not invest into it, if you are willing to risk your money and go into stocks, then there is nothing you need to worry about when we are talking about anything else. We need to just consider that as normal.

[TomPluz]

I think that Peter Brandt is correct in his assessment that Peter Schiff is doing things - attacking Bitcoin - for his own gains and nothing really more. I really don't understand why he would continue to make Bitcoin bad when the asset has had proven itself to be strong, viable and am sure will be here today and into the future. There is nothing wrong with gold, either and if one prefers to invest on that then that is fine with me...just like what Robert Kiyosaki is advocating: investing with gold, silver and Bitcoin. There is no need to destroy one to make the other stand out. Of course, there are many risks with Bitcoin but for those who believed on it in the past are now smiling to the bank, as BTC made performance so astounding even compared to gold. Peter Schiff is just wasting his time convincing others that Bitcoin is not good as it is already approved by the mainstream financial system with the introduction of ETFs months ago.

[ABCbits]

He's probably right, as we've seen few threads about Peter Schiff (including this thread). And while there are risks involved when investing on Bitcoin, it's clear he usually exaggerate about the risk itself.

[Lucius]

Well, Peter has always been known as a gold bug, and he obviously realized that BTC can help him be in the public eye whenever he needs it. I remember that once upon a time he said that an ounce of gold would be worth $5000, but a lot of time has passed since that and that did not happen.

On the other hand, his son allegedly chose to invest in cryptocurrencies, and I remember that they once "argued" about it on social networks, although I doubted that these were honest discussions. Those who know Peter know that he will remain consistent that gold is superior to Bitcoin, or as Buffett will say until the end of his life that BTC is a "mirage" or "rat poison squared".

[yhiaali3]

I never doubt this talk, whether Peter Schiff or others that they build their reputation by attacking Bitcoin, which has become the attention of many people around the world, therefore any comment against Bitcoin will turn attention to it by following it on social media.

There are a lot of people who invest in bitcoin and do not have great experience and fear that they will lose their money, so any comment that can confuse them and make them follow it because of their fear, also these hostile statements admire governments and make such personalities close to governments because they help them in their work and spread hatred and fear about bitcoin and currencies Cryptocurrency.