Peter Schiff Falls Victim to Crypto Twitter Troll

News
Thu, 05/21/2020 - 17:13
Alex Dovbnya
Crypto Twitter excels its trolling game by making Peter Schiff debate about Bitcoin and gold with a bogus J. K. Rowling account (he didn’t seem to care)
Cover image via U.Today
Contents

After the viral Bitcoin tweet posted by J. K. Rowling, it seems like the whole crypto was suddenly under the Confundus spell, which was used in the Harry Potter universe to bewilder your target.

Peter Schiff, the CEO of Euro Pacific Capital, also fell victim to the charm as he apparently tried to argue with a fake Rowling account about the intrinsic value of Bitcoin.     

Rowling takes over Bitcoin Twitter

The gold bug trotted out the tired argument about gold being used to make jewelry (as opposed to Bitcoin, which is just a piece of computer code).

Little did he know that he replied to a Twitter account that belongs to pseudonymous crypto trader and analyst BitLord who impersonated Rowling to troll Schiff. 

The gold proponent chose to have another tiff with members of the cryptocurrency community instead of checking whether he was replying to the legitimate account.

Coinbase CEO Brian Armstrong also had his facepalm moment after trying to convince another bogus Rowling to open an account with his exchange.
 

Bitcoiners get back at Schiff

The fact that crypto proponents gloated over Schiff’s failure shouldn’t come as a surprise.

Schiff is known as one of the biggest detractors of Bitcoin who calls it a ‘fraud’ and routinely predicts its inevitable demise. 

Back in January, Schiff was ridiculed for losing access to his crypto wallet (and exposing his lack of fundamental knowledge about Bitcoin).   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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