Cryptocurrency

Max Keiser Takes a Sharp Dig at Peter Schiff and Other Elite “Cantillionaires”

Heisenberg Capital Co-founder and popular Bitcoin promoter Max Keiser recently took a sharp dig on financial analyst Peter Schiff. In a tweet on Monday, Keiser said that Schiff missed some mammoth investment opportunities in the last 20 years, including Amazon, Apple, Microsoft, Google, Facebook, and Netflix. He further added the staunch Bitcoin critic missed on BTC at $1, $10, $100 even though he allegedly asked Schiff to buy it.

Peter Schiff is one of the strongest voices against Bitcoin and crypto, he has time and again argued that Bitcoin is a hoax, a bubble that could burst anytime. However, most of his predictions have fallen flat on the ground, but still, he continues to argue that Bitcoin would ultimately crumble down. That said, Schiff is one of the most prominent financial analysts in the western hemisphere, which is why his opinions and predictions still matter to a large number of people.

And there’s another catch. Maybe Schiff’s claims haven’t turned out to be completely true, but Bitcoin has performed as good as being portrayed, especially in the last couple of years. Ever since BTC passed its peak around $20,000 in December 2017, BTC prices have dropped to as low as $3,800 in January last year. Since then, the prices have recovered but only to settle around $9,400, and there too, fluctuations haven’t stopped.

Nonetheless, Keiser’s claims, by and large, seem quite comprehensible, and Bitcoin undoubtedly has been one of the best-performing assets of the last decade. A couple of days ago, Keiser took a similar dig on the ‘elites’ of the world and reflected on the term “Cantillionaire,” a term he says he coined out of frustration. In a digital podcast with SwanBitcoin.com, Keiser said that the elites, or the people who get to use the money first, are like pirates, and flesh-eating amoebae.

Keiser said that Bitcoin fights back these kinds of “pirates.” He added,

Keiser said

Speaking on similar lines, Peter Brandt gave an interesting angle by citing the example of Amazon’s unbelievable success in the last 15 years. In a tweet on Sunday, the popular stock market expert stated that about 15–20 years all the bears (critics) of Amazon could see was a bookseller. What turned out is that Amazon is today among the biggest companies in the world, and its founder, Jeff Bezos is the richest man in the world. Similarly, Brandt argued, that Tesla critics see it only as a car company, emphasizing that it takes constructive imagination to foresee the future in a such big way.

https://twitter.com/PeterLBrandt/status/1274717790440763392?s=19

Interestingly, Warren Buffett, arguably the biggest individual investor the world has ever seen, was among the ones who missed out on Amazon, which he himself admitted a couple of times. And the world knows, Buffett has also ignored Bitcoin, terming it not better than “rat poison” or the “button of his suit.” Keiser argues that elites or “Cantillionaires” like Schiff, Buffett, and all those who oppose Bitcoin have already missed on one of the biggest opportunities of the last decade.

Adam Billingsley

Adam Billingsley is a lead blockchain news writer at CryptonewsZ. His work revolves around the applications of blockchain technology and cryptocurrencies like bitcoin, Ripple, and other coins.

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