- The father-son duo of Peter and Spencer Schiff are now in alignment on their future outlook for Bitcoin after the latter recently stated that the top crypto’s price “will probably fall to near zero over the next few years.”
In response, Twitter user Tyler Pelletier said, “He thinks ai automation and Bitcoin will solve everything and we will see deflation. No explanation as to how he sees this happening.” While many were quick to jump in and suggest that Spencer had “fallen in line” with his father’s opinion on the matter, the younger Schiff pushed back against those claims, saying their views have actually become more divergent.
On March 10, 2021, Peter Schiff tweeted, “My son @SpencerKSchiff went all in on Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin. He sold the last of his silver stocks to raise the cash. If my own son is this brainwashed imagine how vulnerable most kids are. He's HODLing to infinity or bust.”
Spencer told CryptoPotato that while he now agrees with his father’s long-term price forecast for Bitcoin, he thinks Peter Schiff reached his conclusion “only by accident.”