Crypto Critic Schiff Says Bitcoin Is ‘Useful’—Just Not for Him
Main Idea
Economist and crypto critic Peter Schiff acknowledged bitcoin's usefulness for donations to Ron Paul but reiterated his personal skepticism towards cryptocurrency.
Key Points
1. Peter Schiff endorsed bitcoin donations for Ron Paul's 90th birthday, stating it could be 'put to good use.'
2. Schiff clarified his continued skepticism towards cryptocurrency despite this endorsement.
3. Schiff is a prominent gold advocate, contrasting his stance on bitcoin.
Description
Economist and crypto critic Peter Schiff recently gave a surprising endorsement for bitcoin donations to Ron Paul, who celebrated his 90th birthday on August 9. In a post on X, Schiff stated that such donations are “actually something useful” because the Ron Paul Institute can simply convert the cryptocurrency to fiat currency and “put it
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