Published
3 years ago on
September 08, 2020
- Earlier this week, we reported that the well-known gold advocate and bitcoin naysayer, Peter Schiff admitted that he was wrong on the leading Cryptocurrency.
- To add further fuel to the fire, Peter put out a poll on Twitter asking his followers if they would trust his opinion over his 18-year-old son, who had allegedly never had a job in his life…
Earlier this week, we reported that the well-known gold advocate and bitcoin naysayer, Peter Schiff admitted that he was wrong on the leading Cryptocurrency. To add further fuel to the fire, Peter put out a poll on Twitter asking his followers if they would trust his opinion over his 18-year-old son, who had allegedly never had a job in his life…
It’s hard to say whether people were just trolling Peter as at the time of writing more than 80% of the votes are for his son.
Take a look for yourself as you can see the tweet below:
Against my advice my son @SchiffSpencer just bought even more #Bitcoin. Whose advice do you want to follow? A 57-year-old experienced investor/business owner who's been an investment professional for over 30 years or an 18-year-old college freshman who's never even had a job.
— Peter Schiff (@PeterSchiff) September 7, 2020
It didn’t take long for his son to respond to his father as he stated that it seems that the crypto industry on Twitter has his back. Quantum labs chief executive officer, Usman Majeed said:
“Your son will be a multi-millionaire at least by the time he’s 57 if he keeps buying Bitcoin.”
But interestingly enough, some people even thought that this was an interesting investment strategy. This comes from the Morgan Creek digital co-founder, Anthony Pompliano as he said on the matter:
Peter, you're a very smart guy. Using your son to hedge your gold bet is great idea. Gold goes up, you benefit. Bitcoin goes up, your son benefits.
— Pomp 🌪 (@APompliano) September 7, 2020
Clever way to be long both assets without publicly capitulating on gold. Impressed!
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
