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

in #bitcoin8 years ago

He is stuck in his ways and he is gonna wake up to a new world he does not understand one day if he does not get with the times.

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He'll still be rich as fuck with all the gold he's sitting on when the dollar collapses but I bet he'll wish he put some of that in crypto when everything is said and done.

Oh, I am sure he has actually put money into crypto already but just keeps it quiet like a politician on a conflict of interest.

Yeah that's possible. People have been asking him about bitcoin back when he was doing his radio show so he's known about them for several years now.

I heard about that months ago, when I was a Crypto noob lol, you are right!

Peter doesn't understand the difference between inflation via demand and inflation via debt. He doesn't know the difference between a decentralized cryptobubble and a centrally planned derivatives bubble.
Listening to him talk truly drives me crazy.