Peter Schiff finally won the big Bitcoin (BTC) advocate to his side

Two prominent figures, Peter Schiff and Mike Novogratz, recently found themselves on the same side of an argument, albeit with contrasting points of view.

Schiff, a seasoned economist and gold enthusiast, expressed concern about a possible Supreme Court ruling that could redefine unrealized appreciation of income and taxes, posing a threat to property rights. Novogratz, a well-known Bitcoin advocate, responded sarcastically, marking a rare moment of agreement between the two.

Peter Schiff’s warning

In a recent post, Schiff warned of a possible Supreme Court decision that could redefine income to include unrealized gains on any assets. Schiff expressed fear that such a ruling could empower the federal government to effectively nationalize all of the nation’s assets.

In Schiff’s opinion, this legal change could force Americans to sell their assets to cover their tax obligations, and the federal government would emerge as the possible buyer, paying with almost worthless papers. She warned that such a decision could render the Constitution meaningless, undermine private property rights, and provide the legal means for a communist revolution without the need for violence.

In response to Schiff’s post, Bitcoin advocate Mike Novogratz surprisingly agreed with the position, punctuating his statement with a laughing emoji. This unexpected alignment of views between the two figures attracted the attention of the crypto community, sparking debates about the potential impacts of government intervention on individual assets.

I finally agree with @PeterSchiff!!!😂

– Mike Novogratz (@novogratz) December 7, 2023

Schiff’s forecast on gold and Bitcoin

Despite his reservations about Bitcoin, Schiff remains a strong supporter of gold. Recently, he predicted that a breakout in gold prices could signal challenges for Bitcoin. Schiff often refers to Bitcoin as “gold 2.0,” drawing parallels between the two assets in their role in preserving value in times of inflation and market uncertainty. This outlook reflects Schiff’s strong commitment to traditional store-of-value assets.

On the other side of the spectrum, Mike Novogratz recently expressed optimism about the resilience of the crypto industry. He acknowledged a major purge of bad actors during the 2022 market crash and believes most of them have left the scene.

Novogratz is also one of the proponents who believes a Bitcoin spot ETF is imminent.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected] kashmiri girls sex jayasex desi bhabi xxx xlnindia 1st time sex video たかはししょうこ動画 真正中出し3本番 彩乃なな sex film sexy film xnxx indian teens
ano nga ba ang pangarap hello heart episode 3 reshma hot saree images xvidies com bihar chudai heroine photo hot dasixx ileana d'cruz hot photoshoot hindi movi
www sxe vidoes boops sucking dehati fuck chuk chuk rail gujaratisexvidio probinsyano october 18 2021 full episode ang probinsyano july 14 2022 قصص سكس كرتون سكس بنات تخينة