Bitcoin Basher Peter Schiff Destroyed by Crypto Twitter for Fake News

Bitcoin Basher Peter Schiff Destroyed by Crypto Twitter for Fake News 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin basher Peter Schiff, an avowed gold bug, got dragged on Twitter after spouting a false claim about the bitcoin price. | Source: AP Photo / Mark Lennihan Gold bug Peter Schiff got dragged on Twitter after spouting false information about bitcoin. Schiff incorrectly claimed that BTC prices have plunged 15% since June 19. By comparison, Schiff gloated that gold prices have spiked 10% during the same period. Instead of dropping, Schiff said the bitcoin price should have climbed due to a combination of “favorable press, weakness in global currency and…

The Bitcoin Skeptic: Why Bitcoin Will Never Replace Fiat Currency

The Bitcoin Skeptic: Why Bitcoin Will Never Replace Fiat Currency 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin price dipped under $10,000 while trading on Sunday. | Source: Shutterstock As the resident bitcoin skeptic at CCN.com, today I’ll be looking at the myth that bitcoin will one day replace all fiat currencies. The Bull Fiat Currency Case for Bitcoin The bullish argument goes as follows: governments are increasing their borrowings to unprecedented and unsustainable levels.  The debt burden will eventually cause governments to collapse, even the United States, and even under President Trump! When that happens, there is no more “full faith and credit” of the government…