Here is a quiz...
Who spends 50% of his time talking about something he knows nothing about?
Peter Schiff
Who hates Bitcoin more than he hates fiat dollars?
Peter Schiff
Who has lost his clients tens of thousands of dollars in the last 12 months by scaring them out of Bitcoin?
Peter Schiff
Who says over and over that he does not care if Bitcoin goes to $20,000 because soon after it will go to zero?
Peter Schiff
Who is hoping that gold could somehow do what Bitcoin is doing in terms of appreciation?
Peter Schiff
Who believes in the free market EXCEPT when it comes to Bitcoin?
Peter Schiff
Last but not least...who is now officially irrelevant when it comes to investment advice?
You guess it!
These videos are just a sample of the demise of a "once great" free market advocate.
Didn't understand it all, but got the message :(
Peter Schiff used to be one of my favorite economists. I thought he practiced what he preached all these years. Come to find out that he is just a gold salesman. Yes, he still has some good economic perspectives but he is dead wrong about Bitcoin. And that's okay to be wrong about something. The problem is when you can't admit it and continue in denial to the point of losing your reputation. That is what Peter Schiff has become. I shell of himself in pursuit of jealousy and rage over the fact that Bitcoin is destroying his gold business. Sad days ahead of him.
Aww, yeah, thanks for explaining. Very disappointing.
2 months later and bitcoin lost 50% of it's ATH value. I am sure people who popped in at the top of a bubble would be happier with investing in gold.