Why Has Goldbug Peter Schiff Changed Stance on Cryptocurrency

There are a number of known cryptocurrency and Bitcoin detractors so when one makes a bullish statement it is time to pay attention. Gold investor Peter Schiff is one that regularly argues up his own investments and down digital ones but maybe he is finally warming to crypto.

A Plug For Libra?

In a recent tweet the renowned gold investor stated a case for cryptocurrency over fiat. His arguments are usually anti-establishment but he has rarely sided with digital assets. According to Schiff there is a lot of room for improvement over the current system.

“Privately issued crypto currencies, backed by real assets, would represent a major improvement over our current system of national fiat currencies. Consumers are best served by competition. Let capitalism restore the freedom, privacy and stability governments have destroyed!”

Privately issued crypto currencies, backed by real assets, would represent a major improvement over our current system of national fiat currencies. Consumers…