Peter Schiff's Cheeky Bitcoin Turnaround Post Earns Reaction From Popular Analyst: 'You Buy It And Become Rich Or You Keep Hating And Turn Crazy'

Benzinga

2024/11/15

Widely-followed cryptocurrency analyst Willy Woo threw a jibe at economist Peter Schiff for attempting to stay relevant by dunking on Bitcoin BTC/USD. What Happened: On Thursday, Woo took to X to ...

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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeter Schiff's Cheeky Bitcoin Turnaround Post Earns Reaction From Popular Analyst: 'You Buy It And Become Rich Or You Keep Hating And Turn Crazy'\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2024-11-15 10:38</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Widely-followed cryptocurrency analyst Willy Woo threw a jibe at economist Peter Schiff for attempting to stay relevant by dunking on Bitcoin BTC/USD.\nWhat Happened: On Thursday, Woo took to X to ...</p>\n\n<a href=\"https://www.benzinga.com/24/11/41998869/analyst-says-bitcoin-lives-rent-free-in-peoples-minds-after-peter-schiffs-cheeky-social-security-trust-remark\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.benzinga.com/24/11/41998869/analyst-says-bitcoin-lives-rent-free-in-peoples-minds-after-peter-schiffs-cheeky-social-security-trust-remark\">Benzinga</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POST","symbol_name":"Post Holdings","start_time":0,"source_url":"https://www.benzinga.com/24/11/41998869/analyst-says-bitcoin-lives-rent-free-in-peoples-minds-after-peter-schiffs-cheeky-social-security-trust-remark","article_id":"2483535396","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/14/Peter-Schiff-Asks--Are-Democrats-Going-T.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/24/11/41998869/analyst-says-bitcoin-lives-rent-free-in-peoples-minds-after-peter-schiffs-cheeky-social-security-trust-remark","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2483535396","pubTimestamp":1731638298,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Widely-followed cryptocurrency analyst Willy Woo threw a jibe at economist Peter Schiff for attempting to stay relevant by dunking on Bitcoin (CRYPTO: BTC).","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"POST":"Post Holdings","BPOP":"大众银行","BK4211":"区域性银行","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4212":"包装食品与肉类"},"translate_title":"彼得·希夫(Peter Schiff)厚颜无耻的比特币扭亏为盈帖子引起了受欢迎分析师的反应：“你买了它就会变得富有，或者你会继续仇恨并变得疯狂”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPOP":1,"POST":1},"content_text":"Widely-followed cryptocurrency analyst Willy Woo threw a jibe at economist Peter Schiff for attempting to stay relevant by dunking on Bitcoin BTC/USD.\nWhat Happened: On Thursday, Woo took to X to describe a rather unique perspective on Bitcoin. He said that the leading cryptocurrency was more than just a digital form of money, instead likening it to a 「squatter living rent-free in people’s minds.」\n「After a while, there's only 2 paths: you buy it and become rich or you keep hating and turn crazy,」 Woo added.\n\nPeople think #Bitcoin is digital money but they miss the point.Bitcoin a squatter living rent free in people's minds.After a while there's only 2 paths: you buy it and become rich or you keep hating and turn crazy.— Willy Woo (@woonomic) November 14, 2024\n\nSee Also: 18 Republican States Sue Biden’s SEC Over Harsh Crypto Crackdown\nWoo’s remark was in response to Schiff, who sarcastically suggested that the Social Security Trust Fund should sell all of its Treasuries to buy Bitcoin. \nSchiff’s comment was a tongue-in-cheek critique of Bitcoin’s volatile nature and the potential economic catastrophe he believed could ensue if the U.S. government were to establish a Bitcoin BTC/USD reserve.\nWhy It Matters: Schiff’s views on Bitcoin have been controversial, and many have accused him of doing engagement farming by repeatedly mentioning the coin in his X posts.\nHis critics believe he secretly owns Bitcoin, in contrast to the overtly critical positions he takes on social media. The economist has consistently denied this claim\nEarlier this week, Schiff dismissed Bitcoin’s bull run as a 「popular delusion」 and 「madness of crowds,」 predicting staggering losses when the bubble finally pops. He has also warned that if the U.S. government began buying Bitcoin, it could trigger a market crash.\nPrice Action: At the time of writing, Bitcoin was trading at $88,160.96, down 2.36% in the last 24 hours, according to data from Benzinga Pro. The coin was up over 16% in the last week.\nRead Next: \n\nGary Gensler Hints At Ending His Stint As SEC Chair, Defends Crypto Regulation Agenda\n Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. 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