3 years ago

227

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In this video, I discuss Peter Schiff's bank being shut down by regulators in Puerto Rico, and the irony of this happening to someone who is so anti-Bitcoin.

As Satoshi pointed out, Bitcoin allows us not to have to trust banks anymore.

For this to be true, Bitcoiners need to hold their own private keys, and not trust centralized institutions like exchanges and banks.

"Not your keys, not your Bitcoin"

Not investment advice! Consult a financial advisor.

Centralized lending services freezing withdrawals:
https://www.reuters.com/technology/crypto-firm-celsius-pauses-all-transfers-withdrawals-between-accounts-2022-06-13/
https://www.wsj.com/livecoverage/global-stocks-markets-dow-update-06-17-2022/card/crypto-lender-babel-finance-freezes-all-account-withdrawals-cGRgPdUuSJYISZtj5dhg
https://www.coindesk.com/business/2022/07/01/voyager-digital-temporarily-suspends-all-trading-withdrawals-and-deposits/
https://www.vauld.com/blog/corporate-statement/

It happened to Peter Schiff's bank too:
https://twitter.com/PeterSchiff/status/1543729010278113281
https://www.washingtonpost.com/business/peter-schiff-trying-to-save-puerto-rico-bank-under-probe/2022/07/01/05923e56-f950-11ec-81db-ac07a394a86b_story.html

Satoshi didn't want us to have to trust banks:
https://satoshi.nakamotoinstitute.org/posts/p2pfoundation/1/#selection-45.226-45.265

Schiff thought Bitcoin was in a bubble at $375:
https://www.cnbc.com/2013/11/12/peter-schiff-calls-bitcoin-bubble-tulip-mania-20.html

Schiff's wrong predictions:
https://twitter.com/peterschiff/status/1066506512565223425?lang=en
https://pbs.twimg.com/media/EoJ-ANhXIAAQZAd.jpg

Was Schiff's bank mistreated by Puerto Rican regulators?
https://twitter.com/PeterSchiff/status/1544301518639316992
https://twitter.com/PeterSchiff/status/1543962587460734977

Schiff will never learn his lesson:
https://twitter.com/ErikVoorhees/status/1544009967887433729

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#peterschiffgold
#satoshi

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