This week the bitcoin cash community was surprised to hear that the infamous ‘gold bug’ Peter Schiff is now accepting bitcoin cash, joining a number of precious metals businesses that accept BCH.
The Guy Who Calls the Bitcoin Economy ‘Digital Beanie Babies’ Now Accepts Bitcoin CashThe economist and notorious ‘gold bug’ Peter Schiff has been a ‘bitcoin hater’ for quite some time. Schiff believes that bitcoin is worthless and considers the cryptocurrency to be much like the tulip or Beanie Babies hype. This past summer Schiff debated Max Keiser and said that “cryptocurrency market signals are wrong.” At the time Schiff stated:
“[Bitcoin] is being created but there is no real value in bitcoin; it’s all based on faith. If somebody doesn’t want your bitcoin there’s nothing you can do with it, right?” asks Schiff during the debate with Keiser.
However, even though Schiff hates bitcoin he still accepts the cryptocurrency through the payment processor Bitpay. During the Libertycon conference in Washington, DC, Schiff told the audience that he immediately cashes out into fiat during his debate with Bitcoin.com’s Communications Ambassador Sterlin Lujan.
Read more: https://news.bitcoin.com/gold-bug-peter-schiffs-company-now-accepts-bitcoin-cash/