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Peter Schiff, a long-time critic of cryptocurrencies and a vocal detractor of NFTs, is preparing to launch his own NFT art on the bitcoin blockchain.
According to a tweet sent out on May 26, the release BitcoinCollectionCriticLaunchNFTOrdinalsPeterSchiff Read More
In what seems like a parody but isn't, Economist, gold proponent and avid crypto skeptic Peter Schiff has unveiled a collaborative nonfungible token (NFT) art collection on Bitcoin that will soon go up for auction. The reaction from the crypto community has been mixed, with people generally baffled, amused, welcoming ArtBitcoinCollectionCryptoDropHaterNFTOrdinalsPeterSchiff Read More
Economist Peter Schiff expects a lot more banks to fail, warning that “nobody’s money is safe in any bank.” He stressed: “When the Fed sets interest rates too low and prints a lot of money … it unleashes massive inflation, creates tremendous economic imbalances that result in financial crises and BankBitcoinCrisesDepressionsEconomicsEconomistFinancialMoneyNewsNobodysPeterSafeSchiffWarns Read More
Economist Peter Schiff has warned that the U.S. economy is facing stagflation and the situation is going to get worse. “Not only is the economy weakening, but inflation is strengthening,” he stressed, emphasizing: “You have the worst of both worlds.”
U.S. Economy and Stagflation
Economist and gold bug Peter Schiff warned about BitcoinEconomicsEconomistEconomyNewsPeterSchiffStagflationWarnsWorse Read More
Economist Peter Schiff has warned that the U.S. will default on its debt obligations. He further stressed: “All the bad stuff that they’re saying is going to happen if we don’t raise the debt ceiling is guaranteed to happen because we do raise the debt ceiling.”
Peter Schiff on U.S. Debt BitcoinceilingDebtDefaultEconomicsEconomistNewsPeterProblemRaisingSchiffWarnsWorse Read More
Economist Peter Schiff has warned that a death blow is coming for the U.S. dollar and the USD will lose its global reserve currency status in this financial crisis. “People are still reluctant to call it a financial crisis, but that’s exactly what it is, except it’s bigger in scale BitcoinblowComingCurrencyDeathDollarEconomicsEconomistLoseNewsPeterReserveSchiffStatusUSDWarns Read More
Economist Peter Schiff has cautioned that the present banking crisis is the cusp of a much worse financial crisis. “It’s going to get much much worse if you are going to try to dismiss it,” he stressed. Citing the Federal Reserve’s recession forecast, he warned: “Normally the Fed doesn’t forecast BankingBitcoinCrisisEconomicsFinancialIncomingMassiveNewsPeterRecessionSchiffWarnsWorse Read More
Economist Peter Schiff has urged people to get rid of their U.S. dollars now as a growing number of countries have escalated their efforts to reduce their dependence on the U.S. and the USD. “The dollar’s reserve currency status is in jeopardy, as is the American standard of living that AdvisesBitcoinCurrencyDollarsEconomicsEconomistJeopardyNewsPeterReserveRidSchiffStatusUSDsWarns Read More
Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals.
Schiff Cites Study Alleging Chatgpt Favors Gold and Cash as Investments in Recession
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While many consider Bitcoin as a hedge against inflation, Peter Schiff believes that investing in cryptos is a losing game. As he has explained, rather than being backed by a real asset, Bitcoin is supported only by people buying it, which undermines its value.
Peter David Schiff, CEO of Euro Pacific Capital BitcoinChatGPTChooseGoldIntelligentPeterPrettySchiff Read More