You should've included the epic Tweet reply from Spencer Schiff himself  :


I'm still up to this day quite convinced that what mostly separates Austrian economists that are gold bugs from being bitcoiners is their technological literacy. I don't think it's a coincidence that people who are less technologically literate are the ones who dislike bitcoin with passion.

There's hope for the future, then.  The younger generations get it, because they've never been given a good reason to trust traditional finance.  Peter Schiff needs to take off the rose tinted glasses and recognise the situation for what it is.  What used to work for him probably won't work for our descendants going forwards.

I am sure he also bought it and had it, if you look at his site he also uses bitcoin payments https://schiffgold.com/buy/buying-gold-silver-cryptos/, I think he also holds bitcoin in his wallet, no one knows, but I think his son is quite smarter than him

I would also vote for his son. Normally, I would prefer to take advise from an experienced person in this field. But there are a lot of experienced investors who are just following the traditional ways to invest and not self-improving with the new technologies. So, I would like to follow a person who always keep up with the technology and improves himself/herself besides being an experienced investor. Also, his son seems very smart. I don't understand why his father underestimates him.

Hasn't he only recently confessed that he was wrong about BTC all this time?

Peter probably wanted his kid to have something real, as in palpable. What Peter doesn't understand is that technology has advanced to a point where you can have more trust in something that is virtual than in something that has a physical form.

Gold has been a great mean of exchange during all the previous recessions. Fake gold has been a great one as well. Times have changed, and we have something that cannot be faked or tampered with, can be instantly sent anywhere around the world and has no physical weight. It may be time for Peter himself to understand that Bitcoin is the literal revolution of money.

I don't know why but I find this really funny because for sure he tweeted that with confidence, he even added a poll but the result shows the opposite. But I would agree to what others have said, he may be experienced and professional in investing but it doesn't mean he's always right. They've been in the field but mostly in the traditional investment that's why they are very reluctant with bitcoin but at least, his son is open for this kind of investment even if his father advised him not to.

peter schiff said against his advice , meaning he is against btc so i dont think  he is hoarding btc secretly but where did the kid get the idea of investing in btc if not from his dad  . from the public maybe ? because btc isnt also new to this date   .

 the poll says 18 yr old kid with no experience , reminds me of the kids that also invested on btc and became millionaires now .  im also rooting for the kid because of that .

I wonder what Peter Schiff's first reaction was when he found out about this. Perhaps there were some shouting here and there but after a while, he accepted that his son's decision isn't something that he should really control after all.

Peter Schiff is a good investor, a gold bug and quite successful at that. He's good at what he does, however he, together with other gold bugs and the traditional investors don't seem to want to end their era on investment. They refuse to accept change, and here they are trying to make a point that what they know about investing is better since they have years upon years of experience in the field plus the companies they built with that experience is still standing. Times are changing, and it's pretty evident that some people no longer want to get themselves involved in a market where only a few controls everything there is that can be controlled. Hence, why some people are already turning into cryptocurrencies and some companies are already trying to catch up to the game.


It could be like that, although knowing Schiff, he accepts no compromises and perhaps must have tweeted this genuinely wanting to make a point, but failed miserably.

That'd be a shame. I'd be happy to know that my kid is investing in something, especially if we're diversifying the portfolio as a family. Some people get the wrong idea that if they occupied a certain position in the society, the next generation must do the same as well.

The thing is, gold investment is a risk as well. Price fluctuates in any market, and the fact that it's been a reliable asset for so long doesn't mean it will be in the future as well. With technology, the future may not look as sweet for gold as it used to. Replicating substances could be a thing at one point while replicating the same Bitcoins cannot happen. He could take it from any perspective and I'd get it - he's a goldbug and that has been his lifetime passion. But not accepting something just because it's new is just pathetic, especially when after a while you finally give up and say "hey, Bitcoin is fine as well after all", lol.

i have seen enough people in real life and online that seemingly hate bitcoin so much and criticize those who bought it to the point that they are trying to change their mind and then i find out later that they have been buying bitcoin long before i even know about bitcoin.
the scarcity seems to have gotten to these people.
that is why i am not convinced that this guy isn't accumulating bitcoin himself and this is mostly like a social media fakeout to me.