Spencer Schiff, the son of gold bug and major Bitcoin (BTC) critic Peter Schiff, seems to have decided to move all his portfolio investments into one single asset, Bitcoin.
“My son went all in on Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin,” gold bug Schiff announced Wednesday on Twitter. The famous Bitcoin skeptic specified that his son sold the last of his silver stocks for cash.
Schiff went on to express concerns over the investment choices of the younger generation, stating, “If my own son is this brainwashed imagine how vulnerable most kids are. He’s HODLing to infinity or bust.”
The crypto community has widely welcomed the announcement, with many people expressing confidence that the 100% Bitcoin investment will make Schiff’s son richer than him. “At least someone in your family is growing their wealth this year,” Morgan Creek Digital’s co-founder Anthony Pompliano subsequently wrote.
In response, Schiff said, “I need to disinherit him. Otherwise he will squander my hard earned wealth on more Bitcoin.” Schiff also emphasized that his own portfolio is not limited to gold, and the “vast majority” of it comprises equitiesTitle: Peter Schiff’s son moves 100% of his portfolio into Bitcoin
Sourced From: cointelegraph.com/news/peter-schiff-s-son-moves-100-of-his-portfolio-into-bitcoin
Published Date: Thu, 11 Mar 2021 08:59:35 +0000
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