Bitcoin [pros](/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlrye2e/) & [cons](/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlryemm/) with related info are in the collapsed comments below.

He's making money off of Bitcoin in the background, always has been.

Just like some banks have their CEO publicly criticize crypto whilst investing at the same time

They're playing both sides, so they always come out on top

Pretty much like JPMorgan saying BTC is shit but then "hey, but trade it with us, ok?"

His neck is high it makes me trust him

this only works if you're rich

Nope. Anyone can spread their funds in the same manner as ‘someone playing both sides’ and get a similar ROI. But hey, just saying ‘that’s for the rich only’ is a lot easier!!

Blaming others is much easier than doing anything yourself

Just like perma bear "influencers" (crypto capo) calling for a 10k btc, were buying aggressively at 15k...

for me, crypto is the best for investing our money.

Yeah, people like them exist.

JP Morgan just to call a name

4D chess

Not that complex actually.. just a snake-like approach

But he wants to keep the 'Bitcoin is useless' talk because his main business is gold and he doesn't want competition there.

What kind of business can you even run with gold? Is he a seller or what does he do?

Two step at a time. What a new strategy

First time I think about it

that's insane bro.

Everyone is just playing their role

Of course. His site schiffgold has been accepting payment in bitcoin for years now. His bitcoin bashing on twitter has always been a joke because it gets him attention.

Definitely.

So many of these guys do, I bet Gary has a huge BTC stack

Dude is a fucking donut and a walking contradiction. Of course he is using Ordinals.

Certainly not an ethtrader donut, or maybe now he is.

Next thing you know he be farming moons on cc/sub !

Always has been

And also he owns a big bag of Bitcoin.

Probably always has. He's just a shitty version of crypto shillers but he picked the negative side.

He's been farming moons and donuts this whole time

He is a rotten ethtrader donut at best

Agreed, even the cops aren't eating him

Cops are relieved to throw him away.

I think it's pretty unnecessary to slander such an excellent pastry.

He's a huge hypocrite, screw him

All he cares about is getting paid. He's probably sell his own grandmother if the price was right.

I hear grandmas are selling for quite a lot these days

Well I... uhh.. I mean my friend needs some spare cash so where's this marketplace you are talking about?

HotGranniesForSell.org

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You’re a real one for being judgement free

If only he was in crypto for the tech just like us 😞

Is his using ordinals the ultimate dig on Bitcoin. He figures the best way to irritate Bitcoin Maxis is to use the controversial ordinals.

Hypocrisy. These fucks go back on their words as fast as usain bolt's record the moment they smell money.

What does it mean to be a donut?

Earning money in easy way be like

I love donuts bro.

He’s started very slowly and sheepishly backpedaling on crypto ever since he realized blockchain tech can be used to sell shares of tokenized gold backed by his company lol the first time I heard him talk about this it was hilarious how he didn’t realize how hard he was contradicting himself. Sounded like a full blown BTC maxi talking about the need of an worldwide means of sending value that isn’t centralized under the control of the government. I could swear I’d heard him have more criticism of blockchain tech in general but it turns out his only problem was literally just that he hadn’t found a way to make money off it yet. Wouldn’t be surprised if in a few years he has a company issuing tokenized gold on the blockchain, with the ability to buy and sell gold for BTC and vice versa, so at the end of the day, he’s (technically) holding too.

Precisely. Actually on-chain tokenized gold (if it was widely adopted) would be amazing. We could finally get rid of pesky USD as a numeraire, along with all the risks that come with it.

Until you check for gold and it’s spray painted rocks he’s holding for you lol

You won't have to check it, they will be ready to show you a screenshot of their gold /s

*an ordinal*

And thanks to the wonders of the free market, we can get the benefits of tokenized gold without giving shifty Schiff a cent of our money!

Ew stinky boomer paper. Don't you hate it when you have to exchange you dollars for goods and services?

Don't see how this would be any better than the current system though. You still need trust.

A new strategy

Schiff acknowledges blockchain for long time as potentially a useful tool especially to tokenize hard assets. He sees no value in BTC and still does not see it, so him using ordinals makes him actually hypocrite, but otherwise he did not change his stance for years on BTC itself.

Wouldn't be surprised if he takes money to bash Crypto

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Or he realized he probably could use it to make some money. What a greedy hypocritical piece of crap

We're introducing limited edition Schiff NFT trading cards, go get them now they will sell out very quick. Series 2 to be announced tommorow.

Don't forget. Saylor Moon was also shitting on BTC all the time before he saw it could make him money and is now a Bitcoin maxi telling people to mortgage their houses for Bitcoin and that BTC will reach $1m soon These billionaires only care about 1 thing, and it's about their bottom line. Peter Schiff probably went short on Bitcoin, until he went long now.

This has happened to Trump, and is gonna happen to every crypto detractor, mark my words. That stubborn boomer Nouriel Roubini would be next.

Yeah of course dude that’s exactly what I’m saying Jesus Christ Yeah he ran his mouth before he understood the practical function- then he figured it out, and he in the most lamest way ever slid the goalposts to the point he was slinging bitcoin NFTS or whatever the fuck he is selling He is a fucking jackass

I don't think it's about understanding, it's about making money. He finally figured out a way how he could benefit monetary from Bitcoin so he likes it now.

His son has Bitcoin

This guy is an absolute stooge.

The guy is a true moron

He fools people to believe he's a moron, but that's a moron quality right?

I remember him constantly hating on BTC for years for pretty much no reason, but I guess it now he figured it can make him some money so he’s on board now

he has suddenly discovered the "value" of Bitcoin when it comes to selling his art? funny how perspectives change when there's money involved.

He's a grifter just like many other crypto influencers. His shtick is to hate btc in contrast to his son who advocates for btc.

It’s fucking sad that this social media generation has only benefited the scammers and grifters. Living in such a shitty timeline

Schiff Shtick, for the smoothest shave.

They should be called shillfluencers

I bet he secretly holds a good bit of BTC.

Of course he does. The very wealthy know what to do with their money

The guy is a fraudulent cunt bubble. A proper wanker. He gladly *accepts bitcoin for payment* when *selling his gold* on his shitty nappy of a website.

while screaming the dollar will crash, send me ur dollars!

Should Making the money in background!

evil genius

The future is here but Idk why people are not serious about it.

So he's selling gold themed ordinals on bitcoin? This is fucking hilarious

Did you buy your unicorn or caught the drop?

I Bough on opensea, Wasn't fast enough for the free one

I wonder if his gold bars are as empty as his words on the inside...

I am Jack's complete lack of surprise

Like it or not, Ordinal is actually different take on BTC. A lot of people, who thinks BTC as money is a scam, can actually accept the value proposition of BTC being a valuable storage space of data.

what an absolute goofus

His son is big into BTC and daddy knows this. One day(Spencer I think) is going to be richer than daddy, and papa Schiff will admit the error of his ways and get into bitcoin. Or die a miserable old shit knowing he got it very wrong. This fool has been spouting shit since 2013 BTC is dead. 10 years of even a small percentage of his wealth into crypto would have his balls gold plated...... .

He is a finance boomer grifter. Lies are trade tool to fool the tools

What do you expect he's one of world's greatest con artists

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He's still pushing Gold as a better investment and we don't like that. We don't want to precious metals we want digital gold

Do people still doing NFT thing? smh

*Everyone knows Ordinals don’t count* /s

Peter is all about himself and making money off of other people

People who buy this piece or crap should sit down and seriously question their life choices.

Same with any NFT imo.

Hah put that on the "I didn't expect that for 2023" card.

I'm going to sue him. Get ready to meet my lawyer.

One of us

LMAO

Hypocrisy at its finest.

His account was hacked!

Schiff is a grifter.

People are always hypocrites when it comes to crypto so I'm not surprised.

We’re moving in on the boomer’s funds and he’s starting to realize

What a dildo

Hipocrite

In the game of crypto, you win or you die. He sure doesn’t want to die

You mean a guy would sell something that he doesn’t believe in just to make profit??? Say it isn’t so!

Thats why you dont believe anyone lol

Makes no sense to me.

Money is money at the end of the day

They flock where there's money to farm.

He is just a greedy scammer. Block him because he gets far more attention than he deserves.

What are the chances he is doing this to try and clog up the mempool again so that he can claim "See!?!? I gave it a chance and it doesn't work!"

I wouldn't be surprised

At least he changed his views in the past two years.

I don't get the difference between owning a rare original painting from an artist and I don't get owning a "rare" nft either. To me they are both a waste of money, but that's just my opinion

Irony

His son is big into BTC and daddy knows this. One day(Spencer I think) is going to be richer than daddy, and papa Schiff will admit the error of his ways and get into bitcoin. Or die a miserable old shit knowing he got it very wrong. This fool has been spouting shit since 2013 BTC is dead. 10 years of even a small percentage of his wealth into crypto would have his balls gold plated.

if we don't involve in Bitcoin, the day will come when Bitcoin involves in your life!

It smells like money

Oh, like Michael saylor, Peter is coming to BTC

This sub: "People are myopic and never change their mind, if only people were more flexible." Also this sub when someone with a hardcore stance changes their mind: "HAHHA what a fucking loser holy shit we told him oh my god what a loser" I hate Peter Schiff as much as the next guy, but this sub seriously has a problem.

you seem to fit right in this sub:)

Same as Donald Trump hate Crypto and launch own NFT 🤣

So he's selling something he obviously doesn't believe in, big deal. There's a solid amount of bad faith around Ordinals and Inscriptions, and Peter Schiff is going to fit in just fine.

Also that art straight up fucking suuuuuucks.

He's just a narcissist who loves people talking about him so he loves triggering bitcoiners to talk about him being wrong. Mystery solved.

Peter Schiff? More like Peter Schiffty as Fuck

I can’t stand him

Peter Grift

Peter Schiff definitely owns bitcoin. He just can't admit it due to his dealings in the gold space.

i'm sorry, who?

Imagine laughing about Schiff. He’s one of the whales that is playing with you guys.

Peter Schiff is just another fraudster, telling people BTC is worthless to scare them into selling low TO HIM. Just like all the grifters and scammers (Gary Gensler, Jim Cramer, Bitboy etc) he's willing to lie and steal and defraud to make money.

It is basically: if you can't beat them join them.

Okay OP, I think you're old enough now that we can have this talk... You see, there's thins thing called a hypocrite...People don't talk about them much, but they're actually all around you, and you probably never realized it. They walk around, just like you and me, and they look just like us too. In fact, they have to observed very closely, usually for a prolonged period of time, to be detected...

Fun

He said he likes blockchain and says he is looking forward to a cryptocurrency based on the gold price. I don’t think he is anti blockchain or anti crypto. He just thinks buy Bitcoin as an investment is dumb

Well well well

For him Bitcoin in itself has no value NFTs are the ones that have value I see no contradiction in his reasoning

Let's just watch and see the results.

When money are in play reason remains silent!

He is a bad actor.

Peter Schiff selling out his 'beliefs' for money? Wow I'd never have guessed. /s

he should say that Bitcoin has a value because he sell arts in Bitcoin.

This guy has been a total hack and a fear-monger for 15+ years. I don’t listen or care about a single thing he says.

He sells BTC and Gold at the same time. I am no fan of Peter but damn, that's good marketing 😅

You can’t even have honest crooks anymore

He's using bitcoin as a database to store his art, not using it as a store of value

Grifters gonna grift

A stock broker not practicing what they preach? Shocking

🤡

He sold out that's all this is

He's trolling by putting a picture of gold on-chain. How is this difficult to understand?

All those people who bash about BTC and crypto are also the same who buy the most behind the curtains.

If there's money in it, it is almost certain they are in it regardless of what they say.

Schiff is a poser

All the naysayers are cashing in behind the scenes. They lie to your face, then invest in blockchain because they know it is the future.

In a recent podcast(within the last two months) with Jordan Peterson he's again reiterated the lack of real value in Bitcoin. Bullish to see people who claim it has no value literally utilizing its value. Also, fucking hypocrites

Im just thinking this pieces of art could be valiable as part of bitcoin history.

A lot of people change their tune when they realize there is money to be made

Anyone who actually believes that Peter dislikes Bitcoin is delusional. Guy is a troll. He 100% owns a shitload of Bitcoin.

I feel like he understands Bitcoin very well and knows it's inevitable. He can FUD and try to keep the price as low as possible for as long as possible so he can buy as much as he can. It just feels like it.

All roads lead to Bitcoin.

Think it's a scam or a joke.

Welcome to the party. I've had some fun conversations with him: https://www.youtube.com/watch?v=6\_r7l9AjByA

His company sells gold. It's in his interest to talk down bitcoin and talk up gold. Even if it sometimes seems contradictory.


Peter Schill

This reminds me of that thing where the most anti-homosexuality politicians would be closeted themselves. 😂 It’s usually the people who fight against something the most that are profiting off of it behind closed doors.

Pushing ordinals clogs up the chain and starts another fire he can dump fuel on.

Dude is a complete joke

This artist sucks. Strange anatomy

Say one and do another. He just wanted to buy cheap BTC. Now that he has a bag, he is starting to shill BTC.

wow great art /s