- Peter David Schiff is an American libertarian, Financial commentator, economist, and a stockbroker.
- Schiff earned a nickname of Dr. Doom when he more or less predicted the financial crisis of 2007-2010.
- Schiff tweeted on twitter a poll on gold and bitcoin.
Who is Peter David Schiff ?
Peter David Schiff is an American libertarian, Financial commentator, economist, and a stockbroker. Schiff as a stockbroker and Financial commentator attached strongly to Gold and sees it as a savior in times of Prolonged decline in US Dollar. His love of Gold can be easily seen through the actions in Euro Pacific Bank LTD named offshore bank, which he introduced as the first 100% genuine gold and silver physically embedded global debit card systems back in 2011.
Schiff is not a fanatic of Bitcoin and sees like any other currency or more like a tulip mania bubble. He firmly believes that like the Tulipmania bubble it is destined to fall soon and the high price is temporary, nothing can replace gold according to him.
Dr. Doom and his predictions
Schiff earned a nickname of Dr. Doom when he more or less predicted the financial crisis of 2007-2010. Schiff has been criticized a lot for his theory, predictions, and definition of inflation, which Schiff believes that the definition of inflation will increase in consumer prices after a not so certain waiting period.
Schiff is criticized on a daily basis for his predictions and today also from the official twitter handle @PeterSchiff he tweeted
#Gold is up another $27 so far today, above $1,640, a new 7-year high in U.S. dollar, and all-time record high in other currencies. #Bitcoin is currently trading at $9,700. Which do you think will hit $3,000 first?
— Peter Schiff (@PeterSchiff) February 21, 2020
Gold vs Bitcoin:
The gold vs Bitcoin debate is still on, peter Schiff’s tweet was about the performance of the Gold price in the market and compared it with bitcoin. He explained how gold is rising to $3000 and today it is up 27$ and rose up above $1,640 which is all-time high than any other currency.
As not a Bitcoin fanatic, he wrote about how Bitcoin is now trading at $9,700 and the whole cryptocurrency market is bearish which he feels could drag the Bitcoin to $3000.
The one he is not certain which he wants to get an opinion from us is from Gold or Bitcoin which one is going to reach $3000 first and people can vote it through clicking the option you feel like in the poll feature twitter provides.