On Sunday (August 28), Bitcoiner Spencer Schiff found an interesting way to express his frustration with his father’s hatred of crypto in general and Bitcoin in particular.
Bitcoin perma-bear Peter Schiff, who is one of Bitcoin’s harshest critics, is the CEO of Euro Pacific Capital, a full-service, registered broker/dealer specializing in foreign markets and securities. He is also Founder and Chairman of SchiffGold, a full-service, discount precious metals dealer.
In his Twitter bio, Spencer Schiff’s interests include include finance, data-analytics, Austrian economics, and libertarianism. From Spencer’s tweets, it is clear that he does not agree with his father’s claim that Bitcoin is worthless. Here is one example:
Anyway, yesterday, Peter ran a Twitter poll to find out how the crypto community on Twitter feels about Bitcoin trading around the $20K level. Of the 17,360 people who voted, 52.6% seem to believe that the Bitcoin market “runs out of buyers before it runs out of sellers.” Spencer replied to his father’s tweet and accused of him of suffering from Bitcoin Derangement Syndrome since Peter seems more obsessed with Bitcoin than gold.
On August 20, when the Bitcoin price dropped below the $23K level, Peter gloated over the fact that he had said on August 14 that he expected — based on his technical analysis — the $BTC price to drop below $10,000:
Earlier today, Joshua Lim, Head of Derivatives at Genesis Trading, talked about Bitcoin’s poor performance vs other cryptoassets:
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