reply on: Peter Schiff Advises Biden 'Sell All The Bitcoin' Held By The US Before Jan 20 \ stacker news ~bitcoin

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63 sats \ 4 replies \ @ama 11 Dec \ parent \ on: Peter Schiff Advises Biden 'Sell All The Bitcoin' Held By The US Before Jan 20 bitcoin

Not really. Gold and other "classic" assets is "his" business. I wouldn't be surprised, though, if he's already secretly stacking sats (entire BTC, rather).

21 sats \ 3 replies \ @freetx 11 Dec

if he's already secretly stacking sats (entire BTC, rather).

He has already admitted that his "son" and his "wife" are stackers. I think these admissions, while possibly true, where admitted to as a cover story for his heavy rock clients.

He wants a passable story for his clients so they are not triggered when his BTC wealth is revealed.

10 sats \ 2 replies \ @Cje95 OP 11 Dec

Agreed! That would be a good way to cover himself!

21 sats \ 1 reply \ @ama 11 Dec

I won't say he's not an asshole, but I don't think he's stupid. He understands the problems and I'm sure he also understands the solutions, even when one of them (the best one) doesn't align well with his life long work/interests/convictions/philosophy/whatever.

10 sats \ 0 replies \ @Cje95 OP 11 Dec

Oh hes not stupid at all! Honestly, I think that is where a ton of people mess up with BTC though is they overthink the whole thing. His one-off solution though is poor in that as soon as the US government starts moving BTC around the market goes down so the government wouldn't even get top dollar at the time!