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​Peter Schiff：Few Companies Did not Buy Bitcoin by Selling Their Gold

Amy Liu

Summary: Peter Schiff, CEO of Euro Pacific Capital and a Bitcoin opponent, tweeted today that the latest Bitcoin marketing gimmick is that lots of private and public companies are trading in their gold and accumulating Bitcoin as their preferred store of value. Those few companies that are buying Bitcoin did not do so by selling their ...

Peter Schiff, CEO of Euro Pacific Capital and a Bitcoin opponent, tweeted today that the latest Bitcoin marketing gimmick is that lots of private and public companies are trading in their gold and accumulating Bitcoin as their preferred store of value. Those few companies that are buying Bitcoin did not do so by selling their gold. Bitcoin is not the new gold.

By Amy Liu

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