Peter Schiff Claims that Bitcoin's Recent Rally Was Manipulation

By
Tokeneo
-
3 min reading

Bitcoin's famous critic, Peter Schiff, has once again led the punch towards BTC. He said that Bitcoin's last rally from $9100 to $9600 was manipulation.

bitcoin coin

Peter Schiff vs Tyler Winklevoss

Peter Schiff responded to the tweet of Gemini Exchange co-founder and CEO Tyler Winklevoss. Winklevoss wrote that Bitcoin opposed the disinformation published by Goldman Sachs, who advised against investing in BTC and crypto.

Day after Goldman Sachs says don't buy bitcoin, bitcoin is up +$500.  

Peter Schiff wrote in response that Bitcoin is a financial pyramid that has run out of "fools' supply".  He added that whales like Schiff manipulate the price, trying to reduce the impact of bad news on the market. You can see the whole conversation below:

In response, Tyler Winklevoss sarcastically stated that the "supply of fools" will not end as long as people like Peter Schiff are around.

Both investors have the same enemies

Peter Schiff and Tyler Winklevoss believe in two different assets: Gold and Bitcoin (BTC). However, despite their differences, both men on many occasions expressed their contempt for the Fed, which is constantly printing US dollars to counterbalance the economic impact of the pandemic. Peter Schiff, on Tuesday, advised investors to invest in gold and silver because the Fed has unlimited possibilities to print money. He wrote on his tweeter:

Tyler Winklevoss told the investors to beware of the central banks printing money. He recently issued a statement criticizing the Bank of England for considering negative interest rates. On the tweeter he wrote that this would make keeping money "under the mattress" more attractive than in the bank. Adding #Bitcoin at the end, he stressed that Bitcoin is the best protection against such a situation.

Waluta Kurs Dokonaj zakupu

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.