Once a fervent and laser-eyed Bitcoin (BTC) bull, Spencer Schiff – son of crypto critic and gold bug Peter Schiff – is now in agreement with his father that Bitcoin’s price is headed to zero.
His reasoning, however, greatly differs from his father’s, who he believes is “completely wrong about the economy.”
No Longer A Bitcoin Believer?
Spencer Schiff voiced his new take on Bitcoin in response to ZeroHedge on Twitter, who published a blog post predicting an incoming “Great Depression.”
The former strongly disagreed, claiming that the economy was about to enter “an unfathomably enormous economic boom,” that would greatly bolster the average American’s standard of living. Yet in his view, this boom will not relate to Bitcoin:
“I don’t think Bitcoin will have a major impact on the world, and its price will probably fall to near zero over the next few years,” he predicted on Tuesday. “My thesis is an AI thesis.”
My changing views have nothing to do with the b
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