Bitcoin hater Peter Schiff asks help from the Bitcoin community to fight against the IRS

Peter Schiff unintentionally showed his pain of using the centralised financial system and asked Bitcoin supporters to help him fight against the IRS’s abuse of power.

Peter Schiff is a popular Bitcoin hater. He always supports Gold & Gold ETFs but at the same time, he never forgets to criticise Bitcoin as a speculative asset. 

On 27 April 2024, By addressing his bank account shutdown matter, Peter Schiff said that the IRS Chief Jim Lee lied at the press conference regarding the closure of his bank account.

A Crypto enthusiast said that Schiff is now probably regretting not holding & using Bitcoin, which is a fully decentralised financial system.

In response, Schiff said that the discussed matter was not related to Bitcoin and also urged Bitcoin supporters not to bring Bitcoin-related discussion into the matter. 

Furthermore, he urged Bitcoin people to support him to fight against the IRS’s abuse of power.

In response, a Crypto enthusiast said that if he wants support from the crypto community to fight against the IRS then first he needs to support Bitcoin & Crypto against misleading information spread by haters.

Republic First Bank shut down 

It is worth it to note that recently the US financial regulators shut down Republic First Bank and further decided to reopen that bank under Fulton Bank. 

It was the first bankruptcy of any bank this year in the US. Strangely US financial experts believe more bank bankruptcy is coming for small-scale banks. 

Following the news around Republic First Bank’s bankruptcy, crypto enthusiasts said that it is time to show more inclination toward Bitcoin.

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