Miller vs. Schiff – Posers or Real Actors? Made by DailyCoin

• The narrative environment is always changing and is constantly affected by media and investor concerns.
• Bill Miller says there were many investors and traders who made prophecies about stocks and cryptocurrencies that didn’t materialize.
• Peter Schiff has said that bitcoin has no value compared to buying a BTC lottery card.

Crypto Twitter is crawling with price prophets. Guests in financial sessions like CNBC have a role to play in ensuring that the latest statements around them are verified by specialists. Appearances and market forecasts have become the norm for financial specialists. While not all projections become reality, they do change the narrative of cryptocurrency. The main split arises between optimists and pessimists who try to express their opinion in public.

Bull – Bill Miller

Bill Miller is a series investor who won the market for 15 consecutive years before losing 55% in 2008, turning Bitcoin into a bull. In the Q2 bulletin, Miller argued that Bitcoin was born out of the 2008 recession “as an asset to fight inflation”.

He also says that top investors continue to make price scenarios in the last day, with the market only falling “15 months ago”. In the podcast “The Breakdown,” Nathaniel Whittemore highlighted Miller as one of the few high-profile investors who doesn’t fully embrace the “story of inflation”. Each “prophet” has his own agenda, with an additional incentive for financial and reputable returns.

Miller’s adoption of Bitcoin, and the subject of a bubble, is more urgent than others imagine. Miller stressed that the market was “quite valued,” referring to both the crypto and the stock market. The success of Bitcoin as a future repository of value is an “open question”. It is represented by what the market shows over and over again, often because investors are not misled.

In an interview, Miller reaffirmed the behavior of existing Bitcoin investors, i.e.

“volatility is the price you pay for performance,” which explains why investors are attracted to a highly volatile asset that yields a higher return than a “boomer profit”.

Bear – Peter Schiff

Gold vs bitcoin is an open debate with Peter Schiff, CEO of Euro Pacific Capital, denying “digital gold”. In a recent interview with Anthony Pompliano, Schiff firmly stated that he would not buy bitcoin unless he went “under a penny”, arguing that he could buy much more outside of bitcoin.

The stockbroker stressed that Bitcoin “is not a currency,” emphasizing the support of its position that people do not use it as a medium of exchange, and that it is not money, which is in stark contrast to Anthony Pompliano’s ideas. . Based on his argument, Schiff said that Bitcoin is not a commodity because it is not tangible and does not support any kind of work. However, according to Anthony Pompliano, Bitcoin is a commodity for people under 35 years of age.

Schiff argues that the number of cryptocurrencies on the market does not make Bitcoin unique, and stressed that it supports gold-backed cryptocurrencies. However, people now buy a speculative asset. Schiff said, “These bitcoin collections are worthless when the music stops.”

Flipside

• TikTok has banned financial agents, but hidden agenda professionals can have an impact on the market.
• Bill Miller currently has more Bitcoin shares than Amazon (NASDAQ :).
• The dot-com bubble was similar to cryptography, as companies had high volatility in the emerging phases.

Fine line

In 2017, the SEC highlighted its role in manipulating social media risk and perception. Financial specialists working for CNBC and Twitter’s financial advisor groups work at a psychologically similar level.

Jackson Palmer, the founder of DogeCoin, recently stated that “a powerful poster” controls the crypto. His statement was repeated by Nathaniel Whittemore, who stressed that all stock and crypto specialists are more than opinions with their actions. According to Whittemore, everyone has a hidden agenda, and each changes the balance somewhat in their favor.

Crypto is part of the unregulated market, which behaves like a penny stock market, where any news, regardless of origin, affects price actions. As a result, when a pile of information appears, be it positive or negative, Bitcoin and other currencies are directly affected by the social feelings that arise and the retail emotional responses, the results ultimately decide the price.

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