Peter Schiff: Bitcoin May Not Go to Zero, but It Will Underperform Gold #crypto#blockchain#bitcoin
On June 16, gold bull Peter Schiff and crypto investor Anthony Pompliano debated on Fox Business. Asked whether he would bet Bitcoin will still exist in 10 years, Schiff refused to bet it would go to zero, but said he would bet it underperforms gold. Pompliano argued that both Bitcoin and gold supporters believe governments will keep printing money, but Bitcoin’s higher volatility gives it greater upside. Schiff countered that Bitcoin has seen drawdowns of more than 70%, volatility is not an advantage, and current buying from Bitcoin companies and ETFs is mostly helping early investors cash out.
Source：https://youtu.be/KLj05tByz5o?si=FaHDpk3VlmbaBGGV
1 Comment
"Bet what?" Quote of the month.