Outspoken trader, Peter Schiff, who is pro-gold and anti-bitcoin, has been turned into a bitcoin hodler despite his best wishes. Yesterday, Anthony Pompliano, co-founder of Morgan Creek Digital, pointed out on Twitter that the trader, who has consistently slammed the cryptocurrency did in fact own Bitcoin. “Never listen to what they say, always watch what they do with their money!”

Schiff replied that it was only $100—later realising it was just $80.

So, Pomp, as he’s known on Twitter, decided this was ripe for change. He swiftly encouraged Shiff to post his bitcoin address so that he can double his holdings. And after initially posting some random digits instead of his address—showing how familiar he was with the asset he so despised—he then found the right address and posted it.

The ever-optimistic Pomp gleefully tweeted, “You’re already a Bitcoiner and haven’t even realized it yet.” Then sent over $100 of bitcoin.


Even though Schiff has a net worth of $70 million–as a result of his role as CEO Euro Pacific Capital, an investment company–bitcoin maximalists and others decided to boost his holdings a bit more—but with bitcoin instead. In less than 24 hours, 0.17 bitcoin had been sent to the address he provided, worth $1,900.

Shiff, ended up conceding that he will keep the coins, tweeting, “I guess I'll have to hodl it and go down with the ship.”

Not everyone was in favor of enlarging the trader’s bulging bank balance. One tweeter by the name of Armin Van Bitcoin—a riff on the Dutch DJ Armin van Buuren—said the money should go towards those who are building the building network, including core developers.

Schiff was also tipped one XRP, worth $0.39. But he didn’t seem to notice.


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