Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Cryptocurrency

Peter Schiff says this is the only cryptocurrency that makes sense

by capitalizefinancial
March 26, 2021
in Cryptocurrency
0
Peter Schiff says this is the only cryptocurrency that makes sense

Peter Schiff has been a vocal opponent of Bitcoin, but in an interview with Kitco News on Wednesday, he said there is a form of cryptocurrency that he could potentially support.

The chief market strategist of Euro Pacific Asset Management told Kitco News that a “legitimate” cryptocurrency is a gold-backed token that could replace fiat currencies in utility.

“The only cryptocurrencies that would make sense would be legitimate cryptocurrencies, just like I don’t like fiat paper currency, that is paper currency backed by real money, I don’t like fiat digital currency. But, if you have a digital currency that’s backed by gold and redeemable in gold, well then that’s fine, that’s great, I think that would work perfectly,” Schiff said. “The problem is governments don’t like that, so if there are credible digital currencies backed by gold, everybody would prefer those currencies to the dollar, euro, yen.”

Schiff has been debating the merits of Bitcoin on Twitter with such prominent investors as Mark Cuban, who himself was previously a crypto skeptic. Read more

Previous Post

To cut volatility, European cryptocurrency pegs its value to U.S. dollar

Next Post

Here’s Why Millennial Homebuyers Are Braving Today’s Real Estate Market

Next Post
Here’s Why Millennial Homebuyers Are Braving Today’s Real Estate Market

Here’s Why Millennial Homebuyers Are Braving Today’s Real Estate Market

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Most say nation on wrong track, including Dems: AP-NORC poll

Peaky Blinders: The True Story Behind Alfie’s Uncle Charles Solomons

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved