The CEO of Euro Pacific Capital stated his view on Bitcoin sell . He said that those who are not selling Bitcoins are real idiots.
Peter Schiff, who is CEO of Euro Pacific Capital, shared his point of view on Bitcoin holding on twitter. Through his tweet he claimed that it is the right time to sell Bitcoin. He said that Bitcoin holders should sell their coins, otherwise holding in this time will be stupidity of holders.
Peter also didn’t stop on the suggestion to sell the Bitcoins. He added that he would also be an idiot if I did not buy Bitcoin at a low price.
Probably Peter Schiff tried to save himself from any type of controversy with his own comment about Bitcoin sell.
Earlier in the past, Peter called Bitcoin a Ponzi. Peter never revealed his own Investment in Bitcoin but he remains bearish on Bitcoin since March 2011.
When bitcoin was traded at $7,200 in December 2011, he said that Bitcoin is a ponzi. At that time Peter took the reference of Pompliano ( a famous bitcoiner on twitter), and said that Bitcoin only remains a speculation based asset and it can’t be considered as currency.
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