Famous cryptocurrency critic Peter Schiff answered in the affirmative when asked if he would sell his troubled Euro Pacific Bank for Bitcoin. Despite his dislike of cryptocurrencies, if such a deal were approved by the regulator, he would agree to it, Schiff said. The economist argued his position with the fact that it is important for him, first and foremost, to protect the bank's clients.
Actually yes, I would sell the bank for anything if regulators let me sell it. My main goal is protecting customers.
Schiff also agreed with another user that when dealing with cryptocurrencies, one does not have to worry about his bank being shut down but has to worry about Bitcoin collapsing in market value, the investor sarcastically noted.
Crypto v. TradFi by the example of Peter Schiff
Recall that the work of Schiff's Euro Pacific Bank was stopped for not complying with the net minimum capital requirements of Puerto Rican law. This event in turn led to the freezing of the bank's customer...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...