Spencer Schiff, son of Bitcoin critic Peter Schiff, decided to move all his portfolio investments to one asset, Bitcoin.
March 11, 2021 | AtoZ Markets – 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.
“100% 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 the news, and many people suggested that a 100% investment in Bitcoin would make the son richer than the father. Morgan Creek Digital Co-Founder Anthony Pompliano, “At least someone in your family is growing their wealth this year,” he said.
In response, Schiff said, “I need to disinherit him. Otherwise he will squander my hard earned wealth on more #Bitcoin. ” 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. However, at the time of writing, the price of one bitcoin cost $56,219.
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