Peter Schiff: Bitcoin still going to ‘collapse’; ‘death spiral’ of inflation coming (Pt. 1/2)

Watch part 2 of the interview: https://youtu.be/N6HuYydJuC4

Peter Schiff is a total moron. Been following him for years and when I was younger I thought he was smart. All this dude does is constantly make bad outlandish predictions. When you make 1million predictions on tv that [x] will collapse, you’re bound to be right one of those times. The second he does the media says he predicted so and so. Total nonsense. He has been saying for a decade that gold is going to explode and we need gold. It never happened. Now he says bitcoin is useless while he pushes gold. How is gold more useful?! How the fuck is gold useful?! No one will ever transact in gold.

this fucking clown, now he's buying coins…fuxk off

I am agree with Peter. It's same as tulpmania. Before this market crash the last tulp has been sold for f 4200 ( gulden) and good year salary was f300, zo this means that someone must work 15 years without spending any money to buy one tulp. If I compere this with dayly year salary over 15 years comes about 1 miljoen dollar . This could be the value of 1 bitcoin but than is going to zero just like evry ponzi scheme.

Bitcoin (and Defi), have the capacity to liberate the economy from government.

Bitcoin collapsed in March 2020 together with stock market. So…

This guy is an Idiot

hmm is the dollar a ponzi scheme, is it a bubble. Fiat currency has always gone to zero for the entire existence of fiat currencies. Bit coin will always outpace inflation, the dollar will continue to sink to zero. Gold and silver cannot be integrated into fintech, bit coin can and that's where it's true intrinsic value lies. Schiff doesn't understand this. It is now 2/2 and BTC is at 57590 on its way to 100k

Typical fools philosophy : when prices go up wow its a great stock when prices crash wtf its a scam, this will be the same case for bitcoin. You only realize a bubble when its burst

Schiff has not been good at predicting gold or silver or bitcoin over the last decade. He is tireless, I'll give him that. He has been really bad predictor of bitcoin.

I think Peter’s thoughts about MMT and the devaluing of the dollar are spot on. That being said, how can he sit there and say Bitcoin will bottom out when the dollar is being downvalued and people will flock to currencies that actually work?!?

Bitcoin is going up to $1,000,000. I bet he’s investing while he talks it down. Bitcoin will crash many times. Don’t be a Wall Street douche and get nervous and sell, while the oligarchs buy everything at pennies on the dollar. Buy during a crash.

You're likely to be the last fool standing

Peter Shift has the back up of the God's money prophecy. He is the truth of all truths

You are the truth of all truths

Peter is wright! Bitcoin has no value is gonna remain in the history as the biggest bubbel of the 21 century! And only time is gonna show the truth!

If he doesn't like Bitcoin, why is he always talking about it?

i can't listen to that schiff he is full of shite when it comes to BTC and government corruption.

BITCOINS ARE A BIGGGGG SCAMMMMM

Michael Saylor makes this guy sound like an idiot. I’ll get my advice from people who truly understand the things they give advice on. I’ll never own gold going forward, I do own Bitcoin and Ethereum, and plan to own more in the future.

The Supply of Bitcoin will run out before the supply of “fools” willing to buy it runs out 😂

Peter is in BTC. Don't kid your selves. Just like the rest of them including MUSK and JPM. Enjoy the show

Haha, this guys has no idea about bitcoin maybe because he is jealous 😄😄

i mean if there's a death spiral of inflation then bitcoin will be pumping LOL, people have no fucking facts down, BITCOIN IS FINITE, IT IS A HEDGE AGAINST INFLATION, THE US ECONOMY IS DOGSHIT RIGHT NOW AND THE STOCK MARKET IS NOT A REPRESENTATION OF THE GENERAL HEALTH OF THE US ECONOMY.

Gold is consolidating, next big move would be 100 points hahhahahha

Why does BTC have no value and gold does?

Schiff is an idiot. to compare: BTC crashed to 3K USD in Dec 2018, Gold was at 1300 USD in Dec 2018. NOw Feb 18, 2021, BTC is at 52K USD and gold is at 1800 USD. if you listened to schiff, you would have missed out on a 1633 percent return on your investment. you can tell by schiff's face, he is struggling to maintain himself in the face of BTC dominance. I bet schiff is probably buying BTC on the side hahaah

Peter Schiff is not. in the same category as Paul Tudor Jones,and Larry Fink etc , Blackrock ($8.7trn AUM) now getting in etc etc. This is an unusual asset, rmost assets driven by instiutions then retail follow. Its the small peeps that have driven this so far and only now a small number of instiituions starting to get and driving this rally. Most banks are still not able to deploy capital in size into this space but they are looking at it, many with NDA's in place keep this under the hood. Will take another 1-3 years for these guys to deploy in size so I dont think its too late to get in (wait for dips) for those who have been sitting on the sidelines, the amount of money to come in from institutions is orders of magnitude larger than anything we have see to date. Given the unique network effect of crypto, would expect so see a series of inflating and deflating bubbles over time, but growing significantly bigger each time.

Peter is mad because gold is losing during massive money printing

10 years later- hes family is watching this vid, wandering why he didnt buy any >.>

Love the debate back & forth about btc, the markets, etc. Neither David or Peter hold back! AWESOME 🙏🏾🙏🏾🙏🏾

Ohhh…and don't forget to hug your best friend forever…Roubini

Now I know what "self destruct" really means. Grab a pair of coconuts and admit you "have had a change in heart" about Bitcoin

80% of btc are held by one group..major investors..

Yeah Bitcoin is in a Bubble but in an unbreakable Bubble

Funny Fact: The higher the BTC price grows the louder and more often Peter yell "BTC will crash"! Hmmmm

Gold is good…..but bitcoin is doing what gold should be doing….. it's fustrating…..

Usd worth what a nickle bearly covers the paperwork and ink money is an illusion almost just print more then we can all be rich

This dude must have bought bitcoin.

Schiff sells gold. What does everyone expect him to say?
BTC = The world’s global reserve asset.

I don't understand why he keeps doubling down. Bitcoin is not going anywhere.

Peter Schiff appears to not understand a core mechanism of the economy – Supply & Demand in relation to the scarcity of an asset… It looks also like he has forgotten or is deliberately blind about crashes which also occur on stock markets, and they also keep coming back – it's called "Market Cycles", Mr. Economist… Furthermore the price of a stock doesn't necessarily correspond to it's underlaying fundamentals, that's why some stocks are undervalued or overvalued. Like Ivan on Tech says "50% fundamentals, 50% pumpamentals" and the alltime trading wisdom saying "buy the rumors, sell the news" 🙂

These dinosaurs DONT want to learn the new markets that cant be manipulated!!!!!!! Of course they dont like it and dont want to know. They cant control it!!!!!! BITCOIN is a decentralized blockchain we the people have decided its value and we value it more than the worthless over printed FIAT and inflated manipulated stocks!!!!!!

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