“Chain of Happiness”: Gold Fan Schiff Uploaded to Bitcoin
Peter Schiff responded to a tweet by cryptocurrency exchange Gemini’s Co-Founder and CEO Tyler Winklevoss.This was a response to FUD by Bitcoin’s Goldman Sachs recommendation not to invest in BTC and cryptocurrencies. actually.
Peter Schiff also claimed that Bitcoin is a chain of happiness where dummies like Tyler Winklevoss and whales end, constantly pumping its price to survive. The first conversation between the two is as follows.
Probably due to whales like you manipulating the price higher to downplay the significance of the bad news. The supply of greater fools is running low, and is unlikely to include enough institutional investors to keep the pyramid scheme going.
— Peter Schiff (@PeterSchiff) May 30, 2020
A Wry Response From Tyler Winklevoss To Peter Schiff
In response to Peter Schiff, Tyler Winklevoss responded mockingly, stating that as long as individuals like Schiff were around, his stupidity would not be exhausted.
As long as you're around, the supply of fools will never be running too low.https://t.co/ijhJqqCRzT
— Tyler Winklevoss (@tylerwinklevoss) May 30, 2020
There are also common aspects
However, both Peter Schiff and Tyler Winklevoss believe in two assets with value stores: Gold and Bitcoin (BTC), respectively .
Both have criticized the Fed’s constant US dollar bass to prevent the economic effects of Coronavirus. For example, Peter Schiff suggested investors to stock Gold and Silver with the following statement due to the Fed’s unlimited money-making capacity .
Jerome Powell said there is no limit to how much the Fed’s balance sheet can grow and that the Fed can inflate its money supply forever without worrying about inflation resulting in rising consumer prices. Get gold and silver now.
Tyler Winklevoss also advised investors to be wary of global central banks’ habit of printing money. Winklevoss, who recently criticized the Bank of England considering negative interest rates, pointed out that such a move would make saving “under the pillow” more attractive than a bank, and that Bitcoin is the best protection against such activities.
— Tyler Winklevoss (@tylerwinklevoss) May 26, 2020