Peter Schiff: Bitcoin still going to ‘collapse’; ‘death spiral’ of inflation coming (Pt. 1/2)



Bitcoin is an asset that is fueled almost entirely by “false hope” and should demand falter, the price is just going to “collapse”, said Peter Schiff, chief market …

33 Comments

  1. PETER literally goes on a tear about how irresponsible the FED is with our money/printing/killing jobs and stocks, inflation, bashes the BIG GOV system and YET then some how goes on to bash BITCOIN not even knowing that BITCOIN is literally the lift raft out of the crappy BIG GOV system he hates. That's why it's the most valuable asset on planet earth. Uncle Sam can't ruin it's value. It averages 260% annually. He really thinks it's a 12 year bubble? GTFO. He's buying as much BITCOIN as he can.

  2. Cryptocurrencies will soon rule the financial world on a global scale. Your mind cannot fathom the money that will be made long term from relatively small investments now. ITs the investment of a generation.

  3. Careful folks. Gold has a 2000 yr plus history. It’s the history of economics encapsulated. Even though like Bitcoin it has no logical use apart from jewellery, and maybe conducting properties etc. Wars fought, countries exploited. Even the German word for money, Geld, is derived from it.
    Bitcoin. Hmmm

  4. I took the risk dealing with Luiz to be in charge of my trade and finally end up with perfect testimony.his platform is amazing and very straightforward

  5. If you do not want to be chip implanted boycott Bitcoin. It is supposed to be illegal anyway. Remember cash is king "this note is legal tender to all debts both public and private".

  6. Peter Schiff is a total moron. Been following him for years and when I was younger I thought he was smart. All this dude does is constantly make bad outlandish predictions. When you make 1million predictions on tv that [x] will collapse, you’re bound to be right one of those times. The second he does the media says he predicted so and so. Total nonsense. He has been saying for a decade that gold is going to explode and we need gold. It never happened. Now he says bitcoin is useless while he pushes gold. How is gold more useful?! How the fuck is gold useful?! No one will ever transact in gold.

  7. I am agree with Peter. It's same as tulpmania. Before this market crash the last tulp has been sold for f 4200 ( gulden) and good year salary was f300, zo this means that someone must work 15 years without spending any money to buy one tulp. If I compere this with dayly year salary over 15 years comes about 1 miljoen dollar . This could be the value of 1 bitcoin but than is going to zero just like evry ponzi scheme.

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