Goldbug and fierce bitcoin critic Peter Schiff is “kicking himself” for not buying bitcoin when he first heard about it around the $10 mark. However, Schiff isn’t budging on his anti-crypto stance. He went on to say the bitcoin party is over and he won’t be buying in now.
The debate pitched gold investor Peter Schiff against Bitcoin advocate and Morgan Creek Digital co-founder Anthony Pompliano.
Schiff trotted out the usual criticisms of bitcoin: it has no intrinsic value, it’s too volatile for a medium of exchange, it’s a tulip bubble, it’s a religion.
Pompliano countered with measured responses. He argued that bitcoin and gold can coexist in a portfolio.