Watch component 1 of the interview:
Peter Schiff has been a singing opponent of Bitcoin, but in an interview with Kitco Information on Wednesday, he stated there is a type of cryptocurrency that he can possibly sustain.
The chief market planner of Euro Pacific Asset Management told Kitco News that a "genuine" cryptocurrency is a gold-backed token that might change fiat currencies in utility.
0:00 – Why is Peter Schiff's child purchased Bitcoin?
4:46 – Individuals that have altered their minds on Bitcoin
9:00 – Gold vs. Bitcoin
11:14 – "The only cryptocurrencies that would make good sense"
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