One of the current negatives in the crypto industry is the tribalism and Bitcoin bickering between rival clans online. While healthy discussion on the pros and cons of virtual money should be encouraged, it often deteriorates into digital mudslinging which detracts from the real issues at hand.
Schiff vs Pomp in Bitcoin Battle
Goldbug Peter Schiff has been very vocal in recent days and has ramped up his anti Bitcoin rhetoric to the levels we would expect from the likes from permabear Nouriel Roubini. The underlying trend with those that do not believe in cryptocurrencies is that they are old school investors that prefer old school, tried and tested financial vehicles such as stocks and commodities.
In the same way that the internet revolutionized the flow of information back in the 1990s, Bitcoin is doing the same for finance. It is only just the beginning though which is why it is facing the same uphill struggle to convince the die-hard antagonists of new technology.
Renowned gold investor Peter Schiff clearly appreciates the ‘safe haven’ properties of his beloved yellow metal but refuses to entertain the idea that these can also apply to crypto assets. In an ongoing crypto clash on twitter Schiff became more vivacious with his negativity towards Bitcoin. Read More at NewsBTC...