Well-known Bitcoin critic Peter Schiff has once again brought a blow to BTC. During an exchange on a tweeter with Tyler Winklevoss, he stated that the last Bitcoin rally from $ 9100 to $ 9,600 was manipulation.
Peter Schiff vs Tyler Winklevoss
Peter Schiff responded to the tweet of co-founder and CEO of Gemini Exchange, Tyler Winklevoss. Winklevoss wrote that Bitcoin opposed disinformation published by Goldman Sachs, who advised not to invest in BTC and cryptocurrency.
The day after Goldman Sachs says not to buy Bitcoin, it increases + $ 500 /
Peter Schiff in reply wrote that Bitcoin is a financial pyramid, which ended in “supply of fools”. He added that whales like Tyler Winklevoss were manipulating the price in an attempt to reduce the impact of bad news on the market. You can see the whole conversation below:
Probably due to whales like you manipulating the price higher to downplay the significance of the bad news. The supply of greater fools is running low, and is unlikely to include enough institutional investors to keep the pyramid scheme going.
– Peter Schiff (@PeterSchiff) May 30, 2020
In response, Tyler Winklevoss sarcastically stated that the “supply of fools” would not end as long as people like Peter Schiff were nearby.
As long as you’re around, the supply of fools will never be running too low.https://t.co/ijhJqqCRzT
– Tyler Winklevoss (@tylerwinklevoss) May 30, 2020
Both investors have the same enemies
Peter Schiff and Tyler Winklevoss believe in two different assets: gold and Bitcoin (BTC). However, despite the differences, both men on many occasions expressed their disapproval of the Fed, which is constantly printing US dollars to offset the economic effects of a pandemic. Peter Schiff, on Tuesday, advised investors to invest in gold and silver because the Fed has unlimited possibilities for printing money. He wrote on his tweeter:
Jerome Powell has just said that there is no limit to how large the Fed’s balance sheet can be, and that the Fed can infinitely increase the money supply without ever worrying about inflation causing consumer prices to rise.
Buy gold and silver now.
Tyler Winklevoss told investors to watch out for central banks printing money. He recently issued a statement criticizing the Bank of England for considering introducing negative interest rates. He wrote on a tweeter that such action would make keeping money “under the mattress” more attractive than at the bank. Adding #Bitcoin at the end, he emphasized that Bitcoin is the best protection against this situation.
– Tyler Winklevoss (@tylerwinklevoss) May 26, 2020