I'm new to crypto, but not new to Peter Shiff. Normally he is on the money. I'm finding a lot of the now "old timers" are seemingly stuck. They complain about fiat on one hand, then they complain about cryptos on the other. I do find it odd when the libertarian types don't support crypto currencies - that would be one of the best ways to combat the shortcomings of the fiat they complain so much about. Great Post. Sharing this for sure. 👍🏾
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Old men don't want to change.. its just the way it is.
The big companies are run by old men.
The music industry is a good example.. they spent millions trying to stop online piracy.
If they were still young and willing to learn and adapt.. they would have jumped into online media distribution immediately.
But as always.. the grey beards just try to hang on to what they have. Always have, always will.