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Economist Peter Schiff: Advocates Buying Bitcoin, to Launch Tokenized Gold Platform and New Bank

Summary: According to market reports, economist Peter Schiff stated that if he had bought Bitcoin when he first heard about it, he would have made the most profit in his career, saying 'in hindsight, that's what I should have done.' However, he believes that most investors will ultimately lose money on Bitcoin. Schiff announced plans to ...

According to market reports, economist Peter Schiff stated that if he had bought Bitcoin when he first heard about it, he would have made the most profit in his career, saying 'in hindsight, that's what I should have done.' However, he believes that most investors will ultimately lose money on Bitcoin. Schiff announced plans to launch a tokenized gold platform and a new neobank. The platform will allow gold to be used as a payment medium, with users able to send and receive payments and use debit cards that automatically sell gold for settlement during transactions. Schiff mentioned that accounts and payment tools priced in gold will be provided.

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