- Veteran stock broker Peter Schiff wants to engage MicroStrategy Co-Founder Michael Saylor regarding Bitcoin.
- Schiff is a vehement detractor of Bitcoin. However, he admitted a couple of months ago that he “was wrong” about Bitcoin.
- Prior to Schiff inviting Saylor to a debate, Elon posted a number of tweets about Bitcoin.
Veteran stock broker Peter Schiff said on Twitter that he wants to debate MicroStrategy Co-Founder Michael Saylor regarding Bitcoin. This was after the latter’s dialogue with Tesla CEO Elon Musk.
It seems like @elonmusk was only joking about exposing Tesla shareholders to Bitcoin. So I don’t need to convince the board not to turn Tesla into a double bubble. But I’m still willing to debate @michael_saylor on #Bitcoin verse #gold. Perhaps @joerogan is willing to moderate.
— Peter Schiff (@PeterSchiff) December 20, 2020
Schiff is a renowned personality in the traditional finance sector. In the crypto sphere, however, he is a vehement detractor of Bitcoin. Additionally, he considers Bitcoin as a bubble, and that it will erode in price contrary to gold.
Meanwhile, he posted his tweet as a response to Elon’s conversation with Saylor after the former posted regarding Bitcoin. In a specific tweet, Elon wrote that Bitcoin is “almost as BS” as fiat currencies. Consequently, Schiff replied to the tweet, clarifying that Bitcoin is “more BS”.
Schiff then explained that governments don’t consider Bitcoin legal nor accept it for tax payments, among others. On the other hand, he admitted that he “was wrong” about Bitcoin a couple of months back.
Prior to Schiff inviting Saylor to a debate, Elon posted a number of tweets about cryptocurrency. Interestingly, people thought hackers stole access to Elon’s account, since it was uncharacteristic of him to post controversial tweets about Bitcoin. Also, he mentioned the meme crypto Dogecoin. As a result, DOGE skyrocketed 20% right after his tweet.