Gold-bug Peter Schiff says he’d like bitcoin bulls to convince him how the top-ranked crypto is superior to gold as a safe-haven asset.
Give Me Reasons To Like Bitcoin As I Accumulate 1BTC
Tweeting on Tuesday (July 9, 2019), Schiff declared his openness to being enlightened about bitcoin’s superiority over gold. An excerpt from the tweet reads:
I’m inviting people to try to change my mind on Bitcoin. Feel free to take a shot. You never know you may convince me that I’m wrong. My mind is open.
I’m doing a bitcoin challenge live on my YouTube channel on Monday night. I’m inviting people to try to change my mind on Bitcoin. Feel free to take a shot. You never know you may convince me that I’m wrong. My mind is open.
— Peter Schiff (@PeterSchiff) July 9, 2019
The market forecaster and chairman of SchiffGold — one of the largest international precious metal dealers, has a history of denying the prominence of BTC.
This stance hasn’t stopped Schiff from keeping a bitcoin wallet. SchiffGold even adopted BTC as a payment method.
Since sharing his BTC address, the veteran gold-bug has received over $2,000 in bitcoin donations. These donations have been much to the chagrin of some commentators who say there are more deserving people who should receive these donations.
For Schiff, the open challenge to people to change his mind about BTC is a payback for the donations received thus far.