Peter Schiff has built a career on deriding Bitcoin. The outspoken gold evangelist and fund manager famously scoffed in 2019, “Keep dreaming. Bitcoin is never going to hit $100,000!”1. To Schiff, the world’s largest cryptocurrency has long been nothing but “digital fool’s gold” – a speculative bubble destined to pop, or as he put it in 2023, “still going to zero…just traveling a long road”2. Yet in a twist laced with irony, recent disclosures reveal that Schiff’s own asset management arm quietly gained exposure to a bitcoin-backed bond late last year. In other words, the man who equated bitcoin with tulip mania now finds his firm unwittingly invested in a bond…

Read more on BitcoinMagazine