Peter Schiff’s son moves 100% of his portfolio into Bitcoin

Register now on Binance, add 50$ and get 100$ bonus voucher!

Spencer Schiff, the son of gold miner and bitcoin (BTC) critic Peter Schiff, seems to have decided to move all his portfolio investments into one asset – bitcoin.

My son invested in bitcoin when it went below $50,000. 100% of his portfolio is now in bitcoin, Goldbug Schiff announced Wednesday on Twitter. The famed bitcoin skeptic clarified that his son had sold his last stash of cash for cash.

Schiff also expressed concern about the investment decisions of the younger generation and said: If my own son was already brainwashed, imagine how vulnerable most children are. It’s HODLING to infinity or bankruptcy.

The crypto community has widely welcomed the announcement, with many expressing confidence that a 100% investment in bitcoin would make Schiff’s son richer than he is. At least one member of your family will grow up this year, Anthony Pompliano, co-founder of Morgan Creek Digital, later wrote.

In response, Schiff said: I’ll have to release him. Otherwise, he will waste my hard-earned fortune on more bitcoins. Schiff also noted that his own portfolio is not limited to gold and consists overwhelmingly of stocks.

Despite Schiff’s criticism of his son’s decision to go 100% bitcoin, Schiff himself seems to have played a big part in the decision. Schiff not only regularly tweets about bitcoin, but also suggested on Twitter the idea of giving his son a bitcoin birthday gift in 2020. Schiff then insisted that his son invest in bitcoin, against his advice.

Schiff, an outspoken critic of bitcoin, said in 2019 that bitcoin would never reach $50,000. Following bitcoin’s rise to $57,000 in February 2021, Schiff acknowledged that a move to $100,000 is not out of the question either.

Related Tags:

is bitcoin safe,bitcoin news today,how much are bitcoins worth,bit coin price

Register now on Binance, add 50$ and get 100$ bonus voucher!

Recent Articles

Tonga accepts Bitcoin donations amid tsunami onslaught

A small island of Tonga has been hit by a tsunami, and the country is calling for donations in Bitcoin. The nation’s Prime Minister...

How to Buy Solana (SOL) in India

It is important to know how you can buy SOL in India. It’s no secret that the Indian market has only recently begun to...

How to Buy Flow (FLOW) in India

Flow is a cryptocurrency that was introduced in June 2018. It uses the Ethereum blockchain platform, but has its own built-in digital currency called...

Moonbeam Goes Live on Polkadot, Becomes its First Fully Operational Parachain

Moonbeam, the world’s first fully operational on chain scaling solution was released into the wild this week. The Polkadot-powered platform aims to provide scalability...

Stacks ecosystem becomes #1 Web3 project on Bitcoin

The Ethereum blockchain, which powers the Stacks ecosystem’s token STX, has become the most important web3 project on Bitcoin. The announcement is a sign...

Related Stories