Spencer Schiff, son of famous gold investor and Bitcoin (BTC) critic Peter Schiff, decided to move all of his portfolio investments to a single asset, Bitcoin.
Peter Schiff, In his post dated March 10 “Son, Bitcoin switched completely to Bitcoin when it last fell below $ 50,000. 100 percent of his portfolio is currently in Bitcoin. ”The famous anti-Bitcoin said he has also cashed in his son’s last silver shares.
Schiff explained his concerns about the investment choices of the younger generation: “If my own son is brainwashed, consider how miserable the other children are.”
The crypto community, on the other hand, welcomed this news, and many people say that a 100 percent investment in Bitcoin will make their son richer than Schiff. Put forward. “At least one of your family is increasing their fortune this year,” says Anthony Pompliano, co-founder of Morgan Creek Digital. he stated.
In response, Schiff said, “I have to disown him. Or he will waste my hard-earned wealth with Bitcoin.” he said. Schiff emphasized that his portfolio is not entirely made up of gold, but mostly stocks.
The anti-bitcoin investor said that in 2019, Bitcoin will never see $ 50,000.