(Benzinga Crypto) - Long-time Bitcoin BTC/USD critic Peter Schiff has recently opened up about his inclination toward cryptocurrency.
In a Twitter interaction on Friday, he said he would be comfortable selling his troubled Euro Pacific Bank for Bitcoin.
Even if he is not very fond of cryptocurrencies, he said he would accept the offer if regulators approved such a deal.
- Schiff's Bank has been out of operation because it has not complied with the net minimum capital requirements.
- Last year, Schiff mentioned that he regrets not buying the world's first cryptocurrency.
To safeguard his Bank's customers, he spoke about the Bitcoin market and said while dealing with cryptocurrencies, one does not have to worry about his Bank being shut down. However, one has to worry about Bitcoin collapsing in market value.
Schiff's Bank is going through a rough patch, as Puerto Rican officials have frozen the Bank's customer accounts.
By Bibhu Pattnaik
July 9, 2022
