Peter Schiff Falls Victim to Crypto Twitter Troll

Thu, 05/21/2020 - 17:13
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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)
Peter Schiff Falls Victim to Crypto Twitter Troll
Cover image via U.Today

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).   

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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

Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?

Fri, 10/23/2020 - 09:24
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Vladislav Sopov
Grayscale, undisputed giant of institutional crypto investments, is celebrating another monstrous milestone, adding a nine-digit sum to AUM in 24 hours
Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?
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Grayscale is an investment company that provides the clients with an exposure to digital currency markets eliminating the need to buy tokens. The firm does it by selling shares of 'trusts' related to certain digital assets. The recently started FOMO has already brought Grayscale's 'asset under management' (AUM) values to previously unseen levels.

Grayscale assets are on steroids

In its most recent report shared in a tweet, Grayscale Investments stated that its net AUM now surpasses $7,300,000,000. Mostly, this upsurge should be attributed to the spikes of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) prices.

Grayscale adds $300M to its AUM in 24 hours
Image by Twitter

Its founder, CEO of Digital Currency Group Barry Silbert, unveiled that Grayscale’s holdings added a whopping amount of value in the last 24 hours.

Added a cool $300 million in AUM in one day

In terms of separate ‘trusts’, the most impressive increase is associated with Litecoin (LTC). Its value added almost 10% bringing its total to over $34 mln. 

Bitcoin (BTC) allocation surged above $6 bln with a 5% increase. Notorious Grayscale Ethereum Trust (ETHE) added 6% and now is valued at $942 mln.

PayPal assists Grayscale

By contrast, Stellar Lumens (XLM) and Bitcoin Cash (BCH) trusts witnessed mediocre increases of 2-3%. The only integral product of Grayscale, Large Cap Trust that unites the most valuable coins under its umbrella, therefore, added less than 4%.

The numbers of Grayscale Investments positions rocketed due to the rapid spike of crypto prices associated with PayPal’s decision to add major digital assets to its instrument toolkit.

As covered by U.Today previously, PayPal announced that Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) will be added as payment methods by the end of this year.


Following this surprising news, Bitcoin (BTC) revisited its multi-months high over $13,000. At press time, its price has slightly retraced and flirts with the $12,800 level.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (, Monoreto, Attic Lab etc.)