Back to main

Peter Schiff says “accusation of secretly owning Bitcoin” is a wrong to claim

Table of Contents

Peter Schiff says “accusation of secretly owning Bitcoin” is a wrong to claim 2

Popular Bitcoin hater said that Bitcoin enthusiasts accuse him of secretly owning Bitcoin because they can’t accept someone disagreeing with them.

Peter Schiff is a popular Bitcoin hater and a big supporter of Gold & Gold ETF investors. He remains active on X (formerly Twitter) to address issues associated with Bitcoin (BTC). Noticeably he always tries to mention the “Bitcoin” word in his tweets, to gain attention from the Bitcoin & Crypto community.

 On 12 May 2024, Peter Schiff explained that he finds it amusing when Bitcoin enthusiasts accuse him of secretly owning Bitcoin but not admitting it publicly. 

Peter added that Bitcoin proponents are so obsessed with Bitcoin & this is the reason why they can’t accept someone disagreeing with them. 

Furthermore, Peter indirectly said that he doesn’t believe in Bitcoin’s value and thinks it’s like the story of the Emperor’s New Clothes, where people pretend to see something that isn’t there.

I get a kick out of #Bitcoin fanatics who accuse me of secretly owning Bitcoin, but refusing to publicly wear the ribbon. They are just so drunk on the Kool-Aid that they can't accept that I legitimately disagree with their perspective. I just don't see the emperor's new clothes.

— Peter Schiff (@PeterSchiff) May 11, 2024

Some Bitcoin enthusiasts indirectly & humorously criticised Bitcoin hater Peter and said that he owns Bitcoin, especially when the IRS asks. 

Of course, Peter. You totally do not have any #Bitcoin. Especially if the IRS asks—Peter Schiff owns ZERO bitcoin. Got it 😉 pic.twitter.com/dTyCbCtooR

— Walker⚡️ (@WalkerAmerica) May 11, 2024

Another Crypto X user appreciated Peter, despite his identity as a Bitcoin hater. He said that Peter contributed hugely to promoting Bitcoin because every time he talked about Bitcoin with the wrong facts. 

Bitcoin price action 

The current trade price of Bitcoin (BTC) is $61,006 & this trade price level seems strong with a high buy support wall.

#Bitcoin    currency price is $61,000 pic.twitter.com/7d225BoAuv

— Bitcoinik (@Bitcoinikdotcom) May 12, 2024

Some crypto analysts said that there are huge chances that Bitcoin will soon show a big pump in the trade price after the next couple of days.

Read also: Bitcoin analyst indicates post-halving “Danger Zone” is nearing its end

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Read on Bitcoinik Investment Disclaimer