In a dramatic turn of events, Gold bug Peter Schiff has converted 40% of his Gold holdings to Bitcoin.

Sources close to the news say Peter, a long time Gold advocate, has turned his outlook towards Bitcoin as Bullish.

I never thought this day would come but Saifedean has been right all along about Bitcoin.

-Peter Schiff

Peter, who has the distinction of having called 9 of the last 2 recessions, is said to have been quietly working on this conversion for the last 3 months.

More to come as this breaking story unfolds.

By Bob Malakas

Bob is the first and the last on the scene.

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