🚨 Peter Schiff Admits Bitcoin Has ‘Usefulness’—But Says It’s Not for Him! 🚨
Peter Schiff, one of Bitcoin’s most vocal critics and a long-time gold advocate, has finally admitted that Bitcoin can be useful—just not for him personally. 🪙💻
In a recent statement, Schiff pointed to the Ron Paul Institute, saying they could accept Bitcoin, convert it into fiat, and “put it to good use.” This subtle acknowledgment marks a significant shift in tone from someone who has spent years dismissing $BTC as worthless.
🔍 Logical Breakdown
Schiff still doesn’t see Bitcoin as a personal investment or store of value.
However, he admits its transactional and fundraising potential for certain organizations.
This means even staunch critics are recognizing Bitcoin’s real-world utility, especially in donations, global transfers, and bypassing traditional banking restrictions.
💡 Impact & Takeaway
Schiff’s comment could spark broader conversations among Bitcoin skeptics, potentially leading more institutions to leverage BTC as a funding tool—even if they don’t believe in it as a long-term investment. This is a small but noteworthy win for Bitcoin’s mainstream acceptance. 🚀
📌 Bottom Line:
When a gold maximalist like Schiff admits Bitcoin has any use, it’s a sign that the narrative is shifting. Critics may not become believers overnight, but they can’t ignore BTC’s growing relevance.
