Peter Schiff hates Bitcoin so much, and that made him very popular in the cryptocurrency community. It began back in March 2021, when Spencer Schiff, son of rusted-on gold bug, Peter Schiff, allocated 100% of his portfolio to Bitcoin.
He said “My son @SpencerKSchiff went all-in on #Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin. He sold the last of his #silver stocks to raise the cash. If my own son is this brainwashed imagine how vulnerable most kids are. He’s HODLing to infinity or bust.
Peter Schiff Biography & Early Life
|Born||Peter David Schiff|
March 23, 1963 (age 59)
New Haven, Connecticut, U.S.
|Occupation||Stockbroker, financial commentator, radio personality, author|
|Alma mater||Haas School of Business of UC Berkeley (B.S.)|
Schiff was born to a middle-class Jewish family in New Haven, Connecticut. His father, Irwin, the son of Jewish immigrants from Poland, served in the US Army during World War II. Irwin was a prominent figure in the US tax protester movement. He died in federal prison in October 2015 while he was serving a sentence of at least 13 years for tax evasion.
His parents divorced when he was young, and he moved around the country with his mother and his brother, Andrew, from Connecticut to Manhattan to Florida and finally to Southern California. He credits his father for introducing him to the Austrian School of economic thought.
On October 20, 2015, four days after his father’s death, Schiff accused the Federal Bureau of Prisons of inhumanely treating his father and not allowing the usual humanitarian release.
Peter Schiff Business & Career
Peter Schiff began his career as a stockbroker at a Shearson Lehman Brothers brokerage in the early 1990s.
In 1996, Schiff and a partner acquired an inactive brokerage firm, renamed it Euro Pacific Capital, and began operating it from a small office in Los Angeles relocating the firm to Darien, Connecticut, in 2005, and later to Westport, Connecticut where it is currently headquartered, with branch offices across the US in Scottsdale, Arizona, Boca Raton, Newport Beach, Manhattan Beach, California, and New York City.
Schiff founded Euro Pacific Bank, a full reserve banking operation originally in St. Vincent and the Grenadines.
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency, and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. Since selling SchiffGold in 2016 to Goldmoney, Peter has served as honorary chairman.
He frequently delivers lectures at major economic and investment conferences. He is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time, and Fortune.
His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel and hosting his own weekly radio show, Wall Street Unspun.
He is also the author of the bestselling books: “Crash Proof,” “The Little Book of Bull Moves in Bear Markets,” and the recently released: “Crash Proof 2.0: How to Profit from the Economic Collapse”.
Peter Schiff’s Net Worth
The estimated net worth of Peter Schiff is $70 million. Peter is known mostly for his savvy business acumen in addition to being a highly successful broker. As a commentator, you’ve perhaps seen him on TV or YouTube. He’s also published a string of economic & investment books that have sold very well. He works in finance with a passion for stocks and gold and is an advisor to wealthy clients.