Peter Schiff ‘Concedes’ Bitcoin Profitable, But Won’t Succeed as Money

Cointelegraph

Published Feb 18, 2020 05:58AM ET

Updated Feb 18, 2020 07:42AM ET

Peter Schiff ‘Concedes’ Bitcoin Profitable, But Won’t Succeed as Money

Bitcoin (BTC) skeptic Peter Schiff has admitted that holding the cryptocurrency is profitable — but claims it will “never” compete with fiat currency.

In a tweet on Feb. 18, Schiff, well known as a fierce Bitcoin critic and longtime gold bug, “conceded” that the cryptocurrency in the past ten years had been a successful investment.

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