Bitcoin Just a Shady ‘Ponzi Scheme,’ Rants Goldbug Peter Schiff

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By CCN: Market contrarian and popular gold bug Peter Schiff has once again come out with guns blazing against bitcoin and cryptocurrency. Peter Schiff: ‘Ponzi Scheme’ Bitcoin Is ‘Fool’s Gold’ with ‘No Value’ In an interview with Max Keiser of the Keiser Report, Schiff – the CEO of Euro Pacific Capital – ranted that bitcoin “pretend” to be gold but is just “fool’s gold.” “I don’t think bitcoin has anything in common with gold. I mean it tries to pretend to be gold, but I think it’s fool’s gold.” The stockbroker and financial commentator is well-known for his early warning

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