December 3, 2020

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Shortly from the Cryptoworld 27/02 | Peter Schiff does not recommend buying Bitcoin, its holders are fools – EOS burned 34 million coins, which should prevent inflation

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Shortly from the Cryptoworld 27/02 | Peter Schiff does not recommend buying Bitcoin, its holders are fools - EOS burned 34 million coins, which should prevent inflation

Peter Schiff does not recommend buying Bitcoin, rather gold…

 

Peter Schiff needed to talk about Bitcoin again. This time he mainly attacked its owners. They think Bitcoin holders are fools and have no real use. On the contrary, it highlights the essence of gold, which also recommends that we buy Bitcoin instead.

 

” There’s a sucker born every minute and many of them own Bitcoin.”

 

 

EOS burned 34 million coins

 

$ 132 million of coins were burned on the EOS network. The aim of this step is to reduce inflation, so that each of the coin holders actually gets a few “free” coins. In fact, since the price is the same and the coin is less, the fair value of each EOS Coin has risen slightly.

 

Samsung increases the protection of cryptocurrency information in its phones

 

South Korean electronic giant says it will introduce new security features to protect user data on the company’s smartphones. According to the spokesman, Samsung smartphones increasingly store sensitive financial data. According to the company, cryptocurrency wallet passwords and recovery phrases must be protected from hacker attacks.

 

Pompliano would not override Warren Buffet’s opinion

 

Anthony Pompliano from Morgan Greek Capital also commented on Warren Buffetan’s comments on cryptocurrencies, which, after meeting Justin Sun of Tron, did not change his negative view of Bitcoin.

 

In an interview with CNN with Julia Chatterley, he said that, despite being a respected investor, Warren Buffett is not a good person to comment on the subject. “Indeed, people should not take technology advice from someone who uses a tipping phone or does not use email at all,” he said. Pompliano hinted that the old dog will no longer learn new tricks. Buffett has proven to be a great investor, but in the 89s it is hard to understand the issue of emerging technology.

 

Cryptocurrencies

 

In addition to the fact that Bitcoin is in a big bullish trend and needs to get into correction, so comes the attack from the “outside”. Since the outbreak of coronavirus, the situation not only on the stock and index markets has become very unpleasant, cryptocurrencies also felt the impact of this rapidly spreading disease. In the last 24 hours Bitcoin has lost nearly 10% of its value.

 

 

 

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