Is Peter Schiff right or wrong?

[mindrust]

Peter Schiff will eventually be right. He predicted all the bear markets because he only predicts bear markets... He is also perma bull on gold and gold eventually goes up... One day he will be right about bitcoin too but that day may come 100 years later way after we all die...

Does that make Peter right?

I don't think so.

Which part of Bitcoin prediction will he <Peter Schiff> be right?

Since you said he only predicts the bear market and right now we are in a bear market, so what part exactly are you talking about that 100 years to this time nothing will happen?

If he predicted about Bear Market we are already in one, if he predicted that Bitcoin will go under 60k that has already happened, the last time I checked Bitcoin dropped to 58k.

The part that bitcoin will eventually die. Since it is human made, it will die. It might not happen tomorrow, next year, next decade or even next century, but it will eventually die.

I don't think any of us thinks bitcoin will survive forever. Like a thousand years. But gold will. So I must give him that.

And like I said, It doesn't really mean much for us him being right in this context. People who bought bitcoin 10 years ago made a killing. Schiff always advised against the tech stocks. People who bought the Nasdaq made a killing.

Schiff is playing the long game which is longer than our life span so even if he is right, in practice it doesn't matter.

[cryptomaniac_xxx]

I will stir away from Peter Schiff, he is obviously a gold bug, so he will attack Bitcoin on whatever angle he can.

Remember that him and Saylor has once a public debate if I'm not mistaken, so obviously, he doesn't like what he sees on Bitcoin. And every technology that has been developed in the last century has it's own critics, so it could be said about Bitcoin.

So for me, I will not put any of my effort to read what Peter will say, he won't change his mind even if we see Bitcoin hitting $1 million in the future.

[ultrloa]

I will stir away from Peter Schiff, he is obviously a gold bug, so he will attack Bitcoin on whatever angle he can.

Remember that him and Saylor has once a public debate if I'm not mistaken, so obviously, he doesn't like what he sees on Bitcoin. And every technology that has been developed in the last century has it's own critics, so it could be said about Bitcoin.

So for me, I will not put any of my effort to read what Peter will say, he won't change his mind even if we see Bitcoin hitting $1 million in the future.

Yeah better not to give weights on his opinion, because we know the reputation on of Schiff.

Also anyone can give negative prediction so no surprising at all to see all of this happening, knowing that Bitcoin bearish cycle also seems normal occurrence if we base it on historical data and situations happening on Bitcoin. So same as you I will not entertain any statement release by Schiff, since he remains to be a hater and didn't give any good credits on Bitcoin if there's good situation happened to it. If he's neutral maybe he's negative thoughts is valid, but since he's not I tag him as a troll.

[HelliumZ]

Is it normal to really say that Saylor have defrauded investors? Because I don't think so, I never liked him though but I hate wrong accusations, if truly this is what defrauding means then every big popular people in crypto space are all guilty, they have all called a price that never came to past.

Or is this another politician struggle in play?
Right from day one, many people have lost money due to a prediction from popular figure.

They blindly held their coins thinking it will go higher and we tumbled, even while bitcoin was 69k in 2021.

Everyone who called 1 million per Bitcoin has also defrauded investors if that's the case, what do you think?

The conflict between the two famous giant investors Michael Saylor and Peter Schiff in cryptocurrency is not new, but we have been hearing this in the Bitcoin world for a long time, with one person's negative comments on the other's predictions. However, many may personally dislike both of them, but I personally do not dislike Michael Saylor. However, his sometimes irrelevant predictions annoy me. I do not believe Michael Saylor's prediction of a million dollar price at all because the condition of Bitcoin so far has made both Michael Saylor and Peter Schiff old. Or we may not see Bitcoin's price in a million dollars in our lifetime.