A Massive Bitcoin Crash Is Coming | Peter Schiff

In this episode of The Wolf Of All Streets podcast, Peter Schiff, a prominent stockbroker and gold investor, discusses why Bitcoin and gold are so different, explains his belief that the price of gold will continue to rise, and predicts that Bitcoin will experience the biggest crash in its history.

Peter Schiff: https://twitter.com/PeterSchiff

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#Bitcoin #Crypto #Gold
Timestamps:
0:00 Intro
1:22 Bitcoiners and goldbugs
2:10 Macro environment
6:10 The price of gold will increase faster than the cost of mining
6:45 iTrustCapital
7:43 Can Bitcoin replace gold?
11:10 Safe haven
13:25 Bitcoin is a risk asset
14:40 ETFs will be a big problem for Bitcoin
17:00 Big crash
20:30 Who sold Bitcoin?
22:50 RIAs
26:51 Trading Bitcoin miners
28:30 Buy Bitcoin, short Microstrategy
29:25 Inflation against gold miners
33:00 Gold speculation
34:50 60/40 Portfolio
38:10 Who buys gold
39:30 Gold on blockchain
42:20 Volatility
43:45 Dollar is a problem
48:00 US to default?
51:20 Demand for gold will increase
52:55 Gold supply

54:10 Peter Schiff & Bitcoin

56:48 Wrap up



The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.