Gold Bug Schiff Calls Bitcoin Fiat Following Fed Comments

Cointelegraph

Published Jun 20, 2020 11:46AM ET

Updated Jun 21, 2020 02:40PM ET

Economist, financial commentator and gold advocate Peter Schiff once again bashed Bitcoin in a tweet, essentially calling it fiat currency — the name for regional currencies, such as the U.S. dollar.

"The Fed gets Bitcoin right," Schiff said in a June 20 tweet, adding:

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