What Peter Schiff Gets Half-Right About Bitcoin – CCN Markets

What Peter Schiff Gets Half-Right About Bitcoin – CCN Markets 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin bear and gold bug Peter Schiff tweeted that bitcoin is more dangerous than fiat can ever be, and he’s right. Well, half-right, anyway. | Source: Lucas Jackson / Reuters (i), Shutterstock (ii). Image Edited by CCN. Bitcoin hater and gold bug Peter Schiff took to Twitter on Thursday with an interesting piece of history that he believes proves that bitcoin is even worse than fiat currency. He said: “At one time all fiat currencies were backed by gold. They only became fiat after the gold backing was removed. But…