The cyrptocurrency community may not be getting a new recruit from Peter Schiff after all. The CEO of Euro Pacific Capital said that bitcoin is "overhyped, digital nothing" and he doesn't plan on buying any in the foreseeable future."I think it's funny that the people in the bitcoin community are creating this fake news story that somehow I'm now a convert and I'm a secret bitcoin hot alert. There's nothing secret about it, yes, I've been gifted some bitcoin, so what? I've never actually purchased any, nor do I actually intend to purchase any bitcoin," he said.In fact, Schiff said he wants to convert bitcoin investors to gold."I want to help people make the conversion from fool's gold into real gold," he said._________________________________________________________________Kitco News is the world's #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit http://www.kitco.com/Follow us on social media: Facebook - https://www.facebook.com/KitcoNews/?r... Twitter - https://twitter.com/kitconewsnowGoogle+: https://plus.google.com/u/0/116266490...StockTwits - https://stocktwits.com/kitconewsLive gold price and charts: http://www.kitco.com/gold-price-today...Live silver price and charts: http://www.kitco.com/silver-price-tod...Don't forget to sign up for Kitco News' Weekly Roundup - comes out every Friday to recap the hottest stories & videos of the week:https://connect.kitco.com/subscriptio...Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/ Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.