Peter Schiff blames Fed for creating the Bitcoin bubble – Bitcoin News

Peter Schiff, the CEO of Euro Pacific Capital, has been in the news for predicting and claiming a bearish life for Bitcoin. However, the CEO has asked people not to call him as the Bitcoin Hater as there is nothing to hate. In the latest Off the Chain podcast episode hosted by Anthony Pompliano, Schiff has revealed the reason behind his pessimistic take on the crypto coin. 

As per Peter, the “Feds created the Bitcoin bubble just like they created the dot-com bubble and housing bubble. However, he said that it was not exactly the same way, but affirms that it was a reaction to the Feds monetary policy mistakes.” He continued that Bitcoin entered mainstream when people began searching for an alternative, and it was the hard money community that was “playing around with it.”

“I found out about it early on and just kind of dismissed it because my initial read on it was what’s the stop somebody else from coming with another cryptocurrency, which of course, nothing did….