Cryptic skeptic and "gold digger" Peter Schiff threatened cryptic investors with "a very expensive lesson in economics".
Peter Schiff again accused the cryptic investors of shortsightedness. In his opinion, Bitcoin holders cannot be persuaded to sell BTC even by giving the strongest arguments. He wrote on Twitter:
"An attempt to explain the concept of money to a Bitcoin holder — it's like banging your head against the wall. These guys are about to learn a very expensive lesson in economics and take a fresh look at the old wisdom of "keep it down, keep it down".
A few days ago, Schiff made a few more Twitter entries about Bitcoin. In one of them he said that although BTC has been growing faster than gold lately, this situation will change in the next few years. According to Schiff, the price of gold will rise and the bitcoin will collapse to zero. In another record, he accused the owners of Bitcoin of ignorance of the principles of money and their history. He wrote it:
"Bitcoin fans accuse me of misunderstanding the technology. But when I tweet with them, I find that few of them understand the principles of money or their history. That explains why they are so easily drawn into Bitcoin and so dismissive of gold.
In March, Peter Schiff said that only fools choose bitcoin, and also said that BTC will not grow and should sell it faster.
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