Bitcoin rate towards $ 0?
Gold maximumist Peter Schiff struck again: Peter Schiff, Max Keizer and Adam Back discussed Bitcoin in a current series of tweets. The “debate” was not so much a matter of good arguments, but of pure polemics: The point was nothing less than the hypothesis that Schiffs said that Keizer would only sell his last BTC if they were 0. In other words: Keizer will continue to hod until the Bitcoin price is $ 0.
Max Keizer: sell only at $ 0 Bitcoin rate?
In the past, Peter Schiff has proven several times that he is not a friend of cryptocurrencies. Schiff himself is convinced of gold and sees the precious metal as the only true asset as a hedge in the portfolio.
Despite valid arguments, Schiff could never be convinced that Bitcoin has comparable properties to the precious metal and even exceeds its performance. On the contrary: Peter Schiff uses his Twitter account again and again to shoot against the Bitcoin course and supporters of the cryptocurrency.
In a recent tweet, Schiff asked when Max Keizer would sell his Bitcoin. Around 72% of the over 12,000 respondents said that Keizer would only throw in the towel when the Bitcoin rate was $ 0.
It should be obvious that such a survey is only about making fun of Max Keizer. Without any reason or argument, Schiff tries to put the Bitcoin maximalist Keizer in a naive light.
Misha Lederman, who in turn works as marketing director at TronWallet, took the tweet as an opportunity to point out Peter Schiff's lack of expertise in the Bitcoin area.
Is Bitcoin Going To $ 0 Now?
As already mentioned above, Peter Schiff's tweet has absolutely no relevance and meaningfulness for the Bitcoin course. The gold advocate is known for his provocations and repeatedly postulates that the Bitcoin price is in a long-lasting downward trend.
In his opinion, BTC reached its absolute all-time high in 2017. He also thinks Bitcoin will never reach this level again and is moving gently and continuously south.
We have to say at this point that Peter Schiff's position is not representative. While Schiff completely denies Bitcoin's role as a hedge, it has become clear in the past few weeks just how much institutional investors are actually interested in BTC.
For example, a few days ago we reported the increase in volume in the Grayscale Bitcoin Trust. Representatives of the company said that more and more hedge funds are using BTC because they see the cryptocurrency as an interesting and lucrative hedge against current monetary policy.