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RE: Peter Schiff On Gold Manipulation And The Future Of Cryptocurrencies

in #bitcoin7 years ago

Peter makes a false equivalency between a decentralized crypto bubble and a centrally planned derivative market bubble. One is legit, one is artificial. There is a massive difference.
I'm someone that loves gold and silver but Peter's dead wrong. He's been calling a bubble burst since $20 dollar Bitcoin and constantly bases his dollar predictions on economic fundamentals which don't exist in today's economy.

Also, debt based inflation and inflation via demand are two different things.

Schiff drives me crazy. You want to like him but he's so arrogant about everything.

Oh, and he sold his company to a company funded heavily (series A investor) by George Soros. Then calls anyone who mentions that "antisemitic" which is pathetic in my opinion.