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Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries

Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst cybercrime group. Peter Schiff’s Euro Pacific Bank Probed by Tax Authorities Euro Pacific Bank, a Puerto Rico-licensed bank founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of Australia, the Netherlands, the U.S., Canada, and the U.K. Several media outlets — The Age, the Sydney Morning Herald, 60…

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Bitcoin Skeptic Peter Schiff’s Bank Investigated for Allegedly Serving Top Criminals

Peter Schiff may hate Bitcoin for having no value and being the money of criminals. Still, his bank Euro Pacific Capital is not without its sins either. A joint investigation by the tax authorities of Australia, the Netherlands, Canada, the United Kingdom, and the United States has Peter Schiff’s bank targeted for allegedly facilitating tax evasion and offering its services to known multinational top criminals. Screenshot of Euro Pacific Capital’s main site, with a picture of Peter Schiff. Image: Euro Pacific CapitalPeter Schiff’s Bank is Under The Scope of Tax Agencies The joint operation is codenamed “Atlantis” and began sometime…

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Peter Schiff Targeted By Tax Authorities From Western Governments

Peter Schiff targeted by Tax authorities means that his bank is under investigation from major western governments and tax authorities for providing services to criminals and helping them evade taxes. In our latest cryptocurrency news, we read more about it. Schiff denied the allegations of course but tax probe involving authorities from the US, UK, Canada, and the Netherlands alleged that Euro Pacific Bank, run by Peter Schiff provided banking services to organized criminals and tax evaders, as the Australian newspaper and the New York Times found. Euro Pacific Bank that is based in Puerto Rico described itself as a…

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Fool’s gold? Peter Schiff’s bank under investigation in tax evasion probe

Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin? This morning, millionaire broker and noted Bitcoin skeptic Peter Schiff awoke to find his bank under renewed scrutiny due to an international criminal investigation.  According to reporting from Australian newspaper The Age and The New York Times, the J5 -- a joint task force of tax authorities from major Western governments convened in the wake of the bombshell publication of the Panama Papers -- have placed “hundreds” of accounts at Schiff’s Puerto Rico-based Euro Pacific Bank under investigation for tax evasion and other financial crimes.  The reports detail…

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Peter Schiff’s Son Is Buying More Bitcoin Against Father’s Warning

It was recently reported that Ethereum whales are on the rise, Bitcoin whales have also been springing up this month and ironically, the son of popular gold advocate Peter Schiff might have made up the growing number of wallet holders increasing their existing funds. Schiff, who is known for criticizing Bitcoin, while constantly advocating for gold, took to Twitter to express his disapproval over his son’s most recent investment move. According to the tweets, this isn’t the first time the gold bug’s son Spencer Schiff has increased his Bitcoin holdings. And all two times, Spencer apparently made these decisions without…

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Schiff buys more Bitcoin: But there’s a twist

It all goes horribly wrong for Peter Schiff, as Twitter rejects his advice in favor of his college freshman son’s wisdom. The vast majority of Twitter users trust 18-year-old Spencer Schiff’s investment advice over that of his father, Peter Schiff — a renowned gold bug and Bitcoin critic. “Against my advice my son just bought even more Bitcoin,” said Schiff. “Whose advice do you want to follow?” Against my advice my son @SchiffSpencer just bought even more #Bitcoin. Whose advice do you want to follow? A 57-year-old experienced investor/business owner who's been an investment professional for over 30 years or…

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Peter Schiff Publicly Admits to Wrong Bitcoin Take

Peter Schiff is a top gold investor who has built a name for being one of the most high-profile crypto detractors. While he remains resolute in his disbelief in crypto’s potential to become a robust investment vehicle, he recently admitted to being wrong about a prediction. “Shifting the Goalposts” Over the weekend, Schiff had a Twitter exchange with Tyler Winklevoss, the co-founder at Gemini. The interaction began as Winklevoss pointed out that Bitcoin had found a new consolidation point, with the asset’s dips now comfortably above the $10,000 price point. While Winklevoss explained that Bitcoin was consolidating for its next breakout,…

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Gold Pundit Peter Schiff Admits He Was Wrong On Bitcoin. Here’s Why

Stockbroker and gold bug Peter Schiff’s animosity against bitcoin is well known. However, Schiff has basically admitted that the king of cryptocurrencies recently defied his bearish portents. Given bitcoin has obliterated gold’s year-to-date returns, such a conclusion should be obvious. ‘I Was Wrong On Bitcoin’ The Twitter debate between bitcoin hater Peter Schiff and Gemini co-founder Tyler Winklevoss on Sunday (September 6) was quite interesting. The two were talking about bitcoin’s rally to $12,000 and the subsequent drop below $10k. According to Tyler, $10K is now the new baseline because bitcoin did not spend too much time below that level.…

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Peter Schiff Admitted He Was Wrong About Bitcoin: Report

Peter Schiff admitted he was wrong about Bitcoin but the gold bug still believes BTC’s drop to $10K predicts a bear market ahead. In our Bitcoin news today, we are reading more about his current stance on the number one cryptocurrency. The popular gold bug Peter Schiff admitted he was wrong about bitcoin after the spoke out against it for many years. He now believes that there’s some flaw in his predictions after acknowledging the coin didn’t collapse when the gold increased to a new all-time high last month. In a twitter conversation with Tyler Winklevoss, Schiff discussed with the…

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Peter Schiff: ‘I was wrong about Bitcoin’

The gold bug still thinks Bitcoin’s drop to $10K indicates a bear market. Gold bug Peter Schiff, who has often spoken out against Bitcoin, may be admitting that there’s at least some flaw in his predictions after acknowledging the coin did not “collapse” as gold rose to a new all-time high last month. In a Twitter exchange with Tyler Winklevoss, which began Sept. 6, Schiff traded words with the Gemini co-founder regarding Bitcoin’s rise to a yearly high of more than $12,000 on Aug. 17 and its dip under $10,000 just last week. While Winklevoss predicted the digital asset’s baseline…

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Bitcoin Bday Gift: Peter Schiff’s Son Gets BTC On 18th Birthday

Peter Schiff’s Son celebrated his 18th birthday and his Bitcoin Bday gift was given to him in an undisclosed amount so let’s read more in today’s Bitcoin news. Spencer Schiff, the son of Peter Schiff, the well-known gold-bug and Bitcoin basher, recently got an undisclosed amount of the number one cryptocurrency for his Bitcoin BDay gift. Aside from criticizing the number one cryptocurrency, his father prompted the crypto community to send his son a belated b-day present in BTC, not in gold. Spencer turned eighteen and he seems to be following his dad’s footsteps in finance as his father is…

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Not Possible With Gold: Peter Schiff Asks for Bitcoin Gifts for His Son’s Birthday

Spencer Schiff, the son of the well-known economist, gold-bug, and permanent Bitcoin basher Peter Schiff, recently purchased an undisclosed amount of BTC. Aside from criticizing the primary cryptocurrency once again, his father prompted the community to send Spencer a belated birthday present, not in gold but in BTC. Schiff Jr. Appreciates Bitcoin, Unlike His Dad? Spencer Schiff, who recently turned eighteen, seems to follow his dad’s footsteps in finance, as Schiff Senior is a prominent economist and a long-time gold supporter. However, his son displays one significant difference when it comes down to Bitcoin perception – unlike constantly criticizing the…

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Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son

The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet. The Bitcoin community is well acquainted with Peter Schiff the economist and gold bug who has been knocking bitcoin for years. Every few days, Schiff has something to say about the cryptocurrency and it’s never anything positive. Schiff’s Wiki says that “at times, [Peter Schiff] has remarked…

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Wealthy Bitcoin critic Peter Schiff is soliciting BTC birthday gifts for his son

Peter Schiff is back at it again. Peter Schiff, a popular mainstream financial commentator and gold advocate, recently told people to send Bitcoin (BTC) to his 18-year-old son.  "Since so many of you Bitcoin guys are ribbing me because my son [Spencer Schiff] bought Bitcoin, why not really rub it in by gifting him some as a belated birthday present," Schiff said in an Aug. 27 tweet. "He turned 18 yesterday," Schiff noted. "He won't lose his," he said, posting his son's wallet address.  Schiff's tweet points toward an event from earlier in 2020, when the gold aficionado admittedly lost…

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Gold Bull Peter Schiff Still Thinks Bitcoin Is a “Fad” on Its Way to Zero

Gold bull Peter Schiff has not been convinced by the rally in Bitcoin’s price, despite the positive macroeconomic trends underpinning it. The long-time crypto skeptic doubled down on his sentiment in a number of tweets. He said that Bitcoin is a passing fad and is likely on its way towards zero. Schiff also said that Warren Buffett will never buy BTC, referencing the investor’s recent move to buy gold. Buffett buying gold has been a catalyst for many to say that those skeptical of Bitcoin will eventually buy it. Schiff does not seem to be one of those people, though.…

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Peter Schiff Still Thinks Bitcoin Is Going to Crash to $0 Despite 20% Surge

Bitcoin has seen an extremely strong performance over the past two weeks, even factoring in the Saturday flash crash that took BTC down $1,500. Despite this rally, Euro Pacific Capital chief executive Peter Schiff still thinks the cryptocurrency is still bearish. The prominent cryptocurrency critic commented on Twitter on August 2nd that BTC is still on track to “zero out.” Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, DeFi Still in Vogue Peter Schiff Still Thinks Bitcoin Can Go to $0 Bitcoin saw an explosive flash crash on Saturday that resulted in over $1 billion worth of…

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Peter Schiff: Gold ‘Harder to Confiscate’ Than Bitcoin as Searches Spike

Schiff makes some controversial assertions about gold’s prowess as mainstream interest in both gold and Bitcoin surges. Bitcoin (BTC) loses to gold when it comes to how easy it is to transport and confiscate, says Peter Schiff.In a tweet on July 29, the gold bug and infamous Bitcoin skeptic claimed that it was easier to move and preserve ownership of the precious metal.Gold is “absolutely transportable”“Gold is absolutely transportable and harder to confiscate than Bitcoin,” Schiff wrote.The comment caused an instant backlash, with BTC proponents immediately highlighting gold’s shortcomings. In addition to being physically bulky and therefore harder to transport, gold…

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Bitcoin’s Current Breakout Sets It up for $28,000, Headed for Six Figures – Max Keiser

Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000. While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually test $100,000. But not before some correction. “$28,000 is in play before we see a pullback – and then we’re heading to 6-figures,” Keiser forecast, in the course of several tweets. Bitcoin (BTC) soared more than 20% to hit $11,300 on July 28, its highest level since August 2019. The top crypto has struggled to…

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Bitcoin Supposed to Reach $28K & Then Can Hit 6-Figures Directly—Max Keiser

Bitcoin price’s present upsurge, that now has touched $11,380, is ordained to remain the same or show the consistent upsurge, the Wall Street expert forecasts. Bitcoin (BTC) will keeping growing until it touches $28,000, Max Keiser trusts as the largest cryptocurrency advances over 20% in a week. In quite a few tweets on 27th July, the excellently frank host of the Keiser Report forecast that BTC/USD was supervised for six figures after an amendment near $30,000. Peter Schiff Is “Puking His Brains Out“ Keiser made thru the forecast that Bitcoin passed $11,200 during a day of amazements. $10,000 accomplished to…

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