Watch half 2 of the interview: https://youtu.be/N6HuYydJuC4
Bitcoin is an asset that’s fueled nearly totally by “false hope” and may demand falter, the worth is simply going to “collapse”, mentioned Peter Schiff, chief market strategist at Euro Pacific Asset Administration.
“Finally, Bitcoin goes to break down, and any demand that it might need siphoned away from gold goes to return to gold. The Bitcoin story is certainly one of a bubble, it’s a modern-day Tulip Mania, it’s idiot’s gold,” Schiff mentioned.
0:00 – Biden’s stimulus plan
3:42 – Inflation
5:56 – Gold worth
7:58 – Gold vs Bitcoin
9:50 – Bitcoin is “greatest bubble of all”
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