Peter Schiff sparks bitcoin debate once more & asks community a critical question

  • Due to the uncertainty going on around the world and in the crypto space right now, many haters of crypto have been slating the asset class with criticism. 
  • This isn’t unusual as it is well known that bitcoin has fans on one side and a negative audience on the other…
  • With coronavirus, there are many factors at play that have intensified such criticisms and led many people in the finance space to reignite the debate of whether crypto has real intrinsic value. 

There are many haters of the leading cryptocurrency in the world. Due to the uncertainty and volatility currently going on around the world and specifically in the crypto space right now, many of these heaters of crypto have been slating the asset class with rounds of criticism. This isn’t unusual as it is well known that bitcoin has fans on one side and a negative audience on the other…

With the outbreak of coronavirus spreading throughout the world at an alarming rate, there are many factors at play which have intensified such criticisms and let many people in the finance and economic space to reignite the debate of whether crypto has real intrinsic value. Specifically, this was aimed at bitcoin.

One of the well-known naysayers of bitcoin and crypto, Peter Schiff has once more taken to Twitter to give his views on the matter as he noted many of the factors that could possibly lead to an upswing in the price of bitcoin.

Writing on social media earlier this week, Peter asked his bitcoin followers when the highly anticipated bitcoin rally is likely to start once more.

Peter’s rhetoric question got some big responses from many members of the community. He has left holders commenting on their objective and subjective take on the price-performance for BTC. You can see the tweet below:

I have a question for Bitcoin HODLers. If a global pandemic, crashing stock markets, world-wide recession/depression, zero percent interest rates, unprecedented government borrowing and fiat money printing, plus a breakout in #gold hasn’t caused #Bitcoin to go up, what will?

— Peter Schiff (@PeterSchiff) April 15, 2020

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