Peter Schiff Says He’d Admit He Was Wrong On Bitcoin If He Wakes Up In A World Where…
Economist Peter Schiff said in a recent interview that he would admit being wrong about Bitcoin (CRYPTO: BTC) if the world wakes up to a “hyper Bitcoinization” scenario.
What Happened: During an interview that aired Monday, Schiff was asked about what it would take for him to drop his long-standing skepticism and start buying into the apex cryptocurrency.
“I haven’t bought it yet, and it’s gone from practically nothing to $100,000. So if that hasn’t convinced me, what’s going to convince me?” the Bitcoin skeptic replied.
For the sake of argument, Schiff then envisioned a Bitcoin utopia. “I suppose what everybody is saying is one day we’re going to wake up in hyper Bitcoinization and Bitcoin is going to be money. There won’t be any more dollars or any more euros or any more yen.”
He added that if …
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