Cryptocurrency skeptic and “gold worshiper” Peter Schiff threatened cryptocurrency investors with “very expensivea lesson in economics. ”
Peter Schiff again accused cryptocurrency investors of shortsightedness. In his opinion, Bitcoin holders cannot be convinced to sell BTC even with the most compelling arguments. He tweeted:
"Trying to explain the concept of money to the ownerbitcoin — it's like banging your head against a wall. These guys will soon learn a very expensive lesson in economics and take a new look at the old wisdom “the slower you go, the slower you go.”
A few days ago Schiff made some moreBitcoin records on Twitter. In one of them, he said that although BTC has been growing faster than gold recently, this will change in the next few years. According to Schiff, the price of gold will skyrocket, and Bitcoin will collapse to zero. In another entry, he accused the Bitcoin owners of not knowing the principles of money and their history. He wrote:
“Bitcoin fans accuse me of misunderstandingtechnology. But when I chat with them on Twitter, I find that few of them understand the principles of money or their history. This explains why they are so easily drawn into bitcoin and are so dismissive of gold.
In March, Peter Schiff stated that only fools choose Bitcoin, and also said that BTC will not grow and it needs to be sold faster.
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