Cryptocurrency skeptic Peter Schiff is ready to sell the Euro Pacific bank for bitcoins – Bits Media

A supporter of investment in gold announced his readiness to sell his problem bank for bitcoins, if it will allow him to do this by the regulatory body of Puerto Rico.

Peter Schiff (Peter Schiff) Still trying to sell his Bank Euro Pacific. Commission of financial institutions (OCIF) I suspended the activities of the institution due to "gross non-compliance with the minimum requirements for capital". According to Schiff, Euro Pacific was not held accountable for insolvency and did not violate the laws. The capital of the bank is about $2 million, The company has no debts, And there is enough cash, to fully pay off with all the depositors. However, the regulator counted, that the bank does not have enough working capital. Schiff said, that the buyer of the bank has already been found. He must add $ 7 million to capital, but, The businessman believes, OCIF is unlikely to make a deal.

Recently, Twitter users asked Schiff, Is he ready to sell his bank for bitcoins. The cryptocurrency skeptic replied to this, that he really could sell him for anything, If only the regulator gave the green light to this. Then the bank customers could withdraw all their funds right now, The businessman assured. The investor intends to chat with the head of the Banking Commission of Puerto Rico, to solve the problem of Euro Pacific.

“With bitcoins, you no longer have to worry about closing the bank. You will worry about the fall of the market value of your crypto acting ", - does not get tired of showing skepticism Peter Schiff.

Previously, Shiff criticized the first cryptocurrency for, that its value depends only on the trust of people. That's why, from his point of view, Crypto acts cannot be considered a tool for hedging of inflation risks. At the same time, last year the skeptic expressed regret, what if he bought bitcoin in 2011, then it would now become a cryptocurrency billionaire.