The Latest Breaking News from Peter Schiff

MicroStrategy is a tech stock and the largest institutional holder of Bitcoin. But Peter Schiff is not impressed with MSTR.

United States President Donald Trump recently announced the U.S. would establish a strategic cryptocurrency reserve of Bitcoin, Ether, Ripple, Solana and Cardano. This move, he said, would make the U.S. “the crypto capital of the world.”

Bitcoin (CRYPTO: BTC), some sixteen years after its inception as a lesser-known decentralized digital money, is now worth over $100,000. Yes, you heard it right!

Alex Mashinsky, the disgraced founder and ex-CEO of cryptocurrency lender Celsius Network, admitted guilt to two counts of fraud on Tuesday. What Happened: Despite his initial plea of not guilty, Mashinsky confessed to two of the seven charges during a hearing before a U.S. District Judge, according to a Reuters report.

Renowned economist Peter Schiff, on Monday, questioned the government’s plans to set up a strategic Bitcoin (CRYPTO: BTC) reserve, pointing out the lack of support in Congress.

At a time when crypto is being heard in political circles, the Trumps are moving in with much gusto, announcing a new crypto venture that, while still in the works, some think may be "dangerous territory" for the business veteran family.

Bitcoin prices have been struggling to shake off the pains of massive sell-offs over the past few months, but industry analysts are optimistic that the world's top digital asset has moved past the sell-off phase.

Peter Schiff, a notorious Bitcoin critic, has received a new nickname from Bitcoiners after he ran into David Bailey in Puerto Rico.

Several followers of Bitcoin maximalist Michael Saylor are not pleased that gold advocate Peter Schiff made a sarcastic comment on their crypto hero's post, with some saying the stockbroker should wait for the day when Bitcoin reaches stellar prices as gold has.