Peter Schiff, Bitcoin hater and gold bug, seem to be very disappointed in his son for going all-in on Bitcoin, as he wrote on Twitter. He has even joked about disinheriting him to prevent him from putting the inheritance into Bitcoin.
Peter Schiff said that before BTC recently fell below $50,000, his son Spencer went all-in, even selling his silver stocks.
Schiff thinks his son is brainwashed and complains that most young investors are even more susceptible to bitcoin propaganda, some of which takes place on Crypto Twitter.
Schiff went on to say that his son will not sell any of his Bitcoin back.
“He’s coughing up to infinity or bankruptcy.”