PETER SCHIFF: "BITCOIN IS PUBLIC ENEMY NUMBER ONE"
Peter Schiff has once again made critical remarks addressed to the Bitcoin community. He is sure that crypto industry participants are deeply mistaken in the idea that gold is losing its usefulness and properties as a basic reserve asset. According to Schiff, gold is the most useful metal for which there is demand and which can strengthen the country's economy, unlike Bitcoin.
The cryptocurrency skeptic believes that Bitcoin has become a real threat not even to gold, but to the United States, since the government intends to spend the population's money and direct capital to the purchase of BTC to the detriment of the real sector and productive business.
"It is one thing when individuals voluntarily spend their own money buying Bitcoin. But it goes beyond all reasonable limits when they bribe government officials so that they spend the people's money buying BTC. "Bitcoin is now public enemy number one," Schiff said.
He previously called it "deeply ironic" that such a "financially insignificant asset" as bitcoin could reach a value of $100,000.
