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Father And Son Finance Figures Exchange Blows Publicly Over Bitcoin Bet

Bitcoin and the asset class of cryptocurrencies, despite increased acceptance and adoption, are a polarizing subject. These technologies are either lauded as the future of finance, while others call it a bubble, a Ponzi scheme, and much worse.
A recent battle between a well-known father and son duo in the finance space, has spilled into a public platform for the entire world to see. Here’s a breakdown on what’s behind all the family drama, and why the two people from the same gene pool are so vehemently opposed.
Schiff Family Dinner Conversations About Bitcoin Must Be A Blast
Bitcoin has been called just about every nasty name in the book. Rat poison, a scam, an environmental hazard – just to name a few.
It has more so received praise for being the next big thing to follow the internet, a potential candidate for global reserve currency, and digital gold. But which is it? That argument will go on for ages, until the cryptocurrency receives widespread enough adoption for volatility to disappear and its various use cases and applications are fully realized.
Until then, battles will wage onward on the social media platforms, water coolers – and even at family dinner tables, if you’re the Schiffs.
Gold bug Peter Schiff, renowned for calling the 2008 economic crash that Bitcoin was born from, long before others saw it coming. And although Schiff saw the Great Recession coming and was well prepared …
Story continues on Bitcoinist

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