Peter Schiff says this is the only cryptocurrency that makes sense (Pt. 2/2)

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Watch part 1 of the interview: • Peter Schiff: Fed is t...
Peter Schiff has been a vocal opponent of Bitcoin, but in an interview with Kitco News on Wednesday, he said there is a form of cryptocurrency that he could potentially support.
The chief market strategist of Euro Pacific Asset Management told Kitco News that a “legitimate” cryptocurrency is a gold-backed token that could replace fiat currencies in utility.
0:00 - Why is Peter Schiff's son invested in Bitcoin?
4:46 - People who have changed their minds on Bitcoin
9:00 - Gold vs. Bitcoin
11:14 - "The only cryptocurrencies that would make sense"
__________________________________________________________________
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Опубликовано:

25 июн 2024

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Комментарии : 1,3 тыс.

@kitco 3 года назад

Watch part 1 of the interview: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Qdcqj_OKUfQ.html

@ianearle3453 3 года назад

when did this air? I thought this was an older video.

@houfame 3 года назад

There should be an interview on "whether Bitcoin is a NSA project?". Lynette Zang had told once that NSA was researching on crypto currency back in 1998. If Bitcoin is really a US gov project, its likely there are backdoors in Bitcoin and there will be ways to control it by NSA. Peter should be asked this question and could also be reason why Bitcoin continues to rise.

@houfame 3 года назад

@Dobie Dad totally agreed..

@RedondoBeach2 3 года назад

Part 1's only value was to hear the guest beat his chest and talk about the obvious.

@stuartmoore6310 3 года назад

Of course 18y.o. Jr. is all in on spitcoin. If he's correct he cleans up and spits in Daddy's eye. If he's wrong and gets his arse handed to him, well, he's got Daddiebux to fall back on.

@johnbuck6685 3 года назад

My nephew threw caution to the wind and bought 15 Bitcoin at 500$ he sold one the other day and bought a 30000$ car and got 20000$ in change he can retire on the other 14 I bought silver at 30$ now it’s worth 24$ sure glad I listened to this so called expert

@pecosroygreed1356 3 года назад

timing is everything - like walking away from the blackjack table when you're up...

@deeznuts3145 3 года назад

Excellent point.

@incipidsigninsetup 3 года назад

Peter Schiff has a massive blind spot when it comes to cryptos. He'll go down as one of the biggest morons in history because of his Bitcoin hate. It seems every knows this except for him.

@pecosroygreed1356 3 года назад

@@incipidsigninsetup the future regarding cryptos, like with many things, is unknown other than this, a small percentage will take the lion's share of value.

@llamasindabahamas 3 года назад

Your nephew owns just under a million in bitcoin That’s nowhere near enough for him to “retire”

@moahmet8104 3 года назад

I listened to Peter back in 2014 and didn't buy Bitcoin, not doing that mistake again.

@heyjeySigma 3 года назад

yeah.. never listen to these damn rich boomers.. these deniers will one day wake up in 10 years and start baawwwwing and be like "oh no why didnt i buy in 2021?!! "

@ericenge_ericgerardrealty 3 года назад

@@heyjeySigma same here!!!! Took his word for gold. No pun intended.

@ericenge_ericgerardrealty 3 года назад

same here!!!! Took his word for gold. No pun intended.

@zaak186 3 года назад

lol well this aged well. hopefully you sold out. bitcoin is crashing soon

@bigmyth4558 3 года назад

Lol he’s not denying it can’t make you money (dollars) because it clearly can. What’s he’s denying is that it won’t and can’t be made a sustainable medium of exchange. 20 million bitcoins as the last 1 million won’t be mined yet can’t be distributed across near 8 billion people.

@ericlysaght5552 3 года назад

Finally another decent moderator, it looked like David was carrying the whole of Kitco for a while!

@coajrmusic 3 года назад

Never seen Peter smile so much....I think he likes red dresses.....

@marcusd9192 3 года назад

He's had facial surgery.

@coajrmusic 3 года назад

@@marcusd9192 Didn't know that, but even if true, they didn't give him a permanent smile, He's doing it.........

@MrBeeg55 3 года назад

I think I do too.

@MidnightSunshine27 3 года назад

So true!! 😂😂

@macturner80 3 года назад

he can buy 1000 red dresses 💃🏾 😏

@yes-vy6bn 3 года назад

* dude has a bitcoin fund * schiff: "if you have a bitcoin fund of course you're going to pump bitcoin" also schiff: * owns a gold fund *

@shearitchie998 3 года назад

I thought the same thing... I cant take anything Peter says seriously anymore. Maybe he will be right in the end, but not for the reasons he presents.

@Kanfachan 3 года назад

@@shearitchie998 No. He'll be correct for the EXACT reason he presents. The play he talks about is the correct one; the problem is the timing.

@sten260 3 года назад

exactly, that's where I lost him too, because he saying they are trying to pump their funds but at the same time in the previous video he did the same thing where they talked about possible dollar collapsing he was promoting his foreign market funds. How do I know now that he is serious or that he is just trying to scare people to buy into his funds?

@AjSimmonsOnline 3 года назад

Facts. I just knew the reporter was about to flip that on him and say "but couldn't we say that you're only promoting gold because you have a vested interest?"

@BaleaCalin 3 года назад

No individual with a gold fund could move the price of gold to any significant degree. It's not the same thing.

@GR19611 3 года назад

Peters son can not Loose. Even if he fails DAD will bail him out .Why wouldn't he ?

@paloman95 3 года назад

Because he's a hard-line libertarian? You lost your money, well... you live and you learn.

@Ian-hn8ty 3 года назад

both hate fiat... why do they need to bail each other out? Both are brilliant lmao.

@eJuniorA2 3 года назад

Peter said he wouldnt bail out his son, he said the only way for his son to learn a lesson would be to suffer the consequences of his mistakes

@magahongkong4664 3 года назад

@@eJuniorA2 The difference between people who knows economics at the core vs amateur economist lol. Bitcoin is hot now so I don't think its failing anytime soon. The only Peter's son need to do is to time it right when to exit and I think he will get help from his dad on that department. At least, I think until the market collapse, bitcoin still on the hot trend. I myself don't like bitcoin at this price. Maybe I ll get some when market collapse lol

@patrickt873 3 года назад

😆good one 👍

@islandbee 3 года назад

Peter Schiff's son is covering the position in bitcoin and cryptos that Peter didn't take. Especially, if Peter is willing his gold to his kids. 🤔

@joeygee11 3 года назад

Yup

@kurtjohansson1265 3 года назад

Nailed it. Nailed. It.

@rainshaw1305 3 года назад

Not a bad plan.

@pecosroygreed1356 3 года назад

golly sir, you're smart. who ever imagined father and son working together on the family business? the cultural destruction of the nuclear family all makes just a little more sense now...

@MjJones2020 3 года назад

The name of the crypto backed by Gold is PAXG, and it's fully audited

@igorbogdanoff4517 3 года назад

You have to trust the auditors to verify.. With btc you can verify yourself. Trusting other people with your money is the reason we're in such a mess.

@dandun30 3 года назад

I don't trust people, so I don't trust auditors

@BubbleMania5678 3 года назад

I have figure out why PAXG is better than Sprott or GoldMoney but it looks like PAXG has potential at least. Seems like PAXG only delivers physical to certain London-based vaults.

@MjJones2020 3 года назад

When you hold PAXG you're given serial number and location of your bars even

@jeffwhalen9279 3 года назад

Kinesis is also backed by physical Gold and Silver 1:1 plus there are no storage fees and it pays you a portion of all the transaction fees from the system.

@purefreedom282 3 года назад

Well I'm 47, I had several jobs and/or businesses, have wife and kids, and 99.7% of my money is into Bitcoin. I did it slowly since Mid end 2018. Dollar cost averaged and finished going all in in september 2020.good timing for sure. I have to say I don't regret my decision and I don't feel like a fool, actually this is the safest bet I could Make

@danb1618 3 года назад

Have you realised any of those gains?

@purefreedom282 3 года назад

@@danb1618 i may take some Btc out of the table /scale out at the top of the rally between 100 k and 320 k or more(by 2021) and rebuy back at a lower price .im not interested in fiat currencies. I also have only btc so some I'm obliged to spend. I'm convinced it will be worth millions in max 5 years/10 yrs from now.

@danb1618 3 года назад

@@purefreedom282 Yeah no harm pivoting a portion into bonafide non-cash assets like real estate or gold/silver. I agree BTC will hit those prices though

@jpbsv 3 года назад

Get out while theres still time buddy. Ponzi is soon coming to its end.

@TheVMYak 3 года назад

Seriously, well done @Pure Freedom. But time to de-risk take either the capital or the gain and bank it or stick it in property. And let the rest run, then ‘If’ it tanks you’ve lost nothing.

@davidcook6064 3 года назад

Brilliant interviewer. Peter doesn't let too many interviewers cross examine his views like this. He must have a lot of respect for Michelle.

@maximumliberty 3 года назад

It's about time Peter started getting some respect.

@bahmak2003 3 года назад

Disrespect 😂😂😂😂

@simony2801 3 года назад

He’s a carpetbagger

@philipalpha 3 года назад

It makes sense for his son to go all in on Bitcoin just because he’s still young and risk factor is in his favor

@rafaelcosta3238 3 года назад

And because his son does not have to worry about not paying rent if his investments go wrong.

@alexcooper12345 3 года назад

fiat currency is probably riskier than bitcoin in the long run

@StuntmanJake 3 года назад

Exactly right.

@HenryPaulThe3rd 3 года назад

This is really dumb logic

@jesusflora4271 Год назад

Peter schiff was right, FTX scam! Lol he was right 😆 Now the nay-sayer look STUUUUPID WITH EGG ON THIER FACE!

@heterosapien69 3 года назад

A gold backed crypto would have to rely on a centralized entity to collect the gold and create tokens 1:1. Complete opposite of decentralization. He misses the point entirely.

@BraunBuxe 3 года назад

You dont need a centralized entity. There can be many certified and independently audited vaults everywere or individuals can act as little banks for family members all bound by contracts that get enforced physically for breach of contract. A centralized entity that is solely responsible for the Money or currency is always shit.

@gokuafrica 3 года назад

@@BraunBuxe but with gold counterfeit gold and lying is always possible when humans are involved. Bitcoin is secured by a protocol so no human error or greed involved there. This is why bitcoin is superior technology. It's like people arguing that sending letters is better for communication than sending an email or a chat message. NEVER INVOLVE PEOPLE AND RATHER AUTOMATE PROCESSES TO MAKE THE PROCESS MORE EFFICIENT AND SECURE

@gokuafrica 3 года назад

@16vjtdalfa yeah but in the long run only a certain few crypto would survive

@e5211 3 года назад

@16vjtdalfa starting another crypto isn't the same. You can start 1000 Bitcoin clones but it still won't be the Bitcoin. Neither can you edit it. It's secured by cryptography. Having a gold backed Coin requires a legal entity or some sort of enforcement to make sure coins aren't fake. There are the same amount of gold for coins available. And for there to be Multiple exchanges where gold is held? How do you know someone there won't steal it all? Or have true accounting. ? Bitcoin is valuable because it's all digital and secured with cryptography. Something you can really do for gold without a 3rd party to enforce the rules.

@heterosapien69 3 года назад

@@BraunBuxe Not good enough. Auditors and vaults can be in bed with each other and theres still would need to be a centralized entity that the auditors report to that would issue the coins. Remind how those bundled junk mortgage backed securities were rated triple A back in the GFC of 2008. It would just be more of the same. There are far too many points of failure and corruption.

@imconfusedtwo9268 3 года назад

Omg she makes Peter GLOW with happiness, I've never seen him do that.

@davidrabinowits3229 3 года назад

That's cause she's hot...

@galacticaldread7234 3 года назад

I wonder why Peter Schiff with 70mil net worth is acting like he's bigger than wall street and Billionaires :S

@davidrabinowits3229 3 года назад

@@galacticaldread7234 He must have additional coin in the swiss Bank 🏦

@TheVMYak 3 года назад

She’s also well informed, asks good questions and encourages her guests to ‘talk’ freely about their subject. And he’s probably pleased that she’s not talking all over him.

@akastenas 3 года назад

She's is one of the most beutiful women on the planet and he's a man.

@garyneudorf3741 3 года назад

I'm waiting for digital tulip bulbs to go all in.

@gachagirl5845 3 года назад

I'll nft a picture of tulips for you....lol

@abraxas511 3 года назад

If you think he is not secretly buying up bitcoin while trashing it to keep the price down you are not paying attention. These people arent rich because they share their secrets, they are rich because they dont. Kevin OLeary in Canada has trashed bitcoin for years and now has admitted to buying it up the whole time. Real gold is a dinosaur, its only use in a few decades will be jewelry. Its a digital world now, his son will save him from himself. When you find out he has it, and the price is too high for you to get in, you will understand how these people operate. They are vicious animals when it comes to wealth, you think they will share their biggest moves with you?

@XXLV- 3 года назад

@@abraxas511 but still an assumption. Unless there is evidence for it. Anyway good thoughts on that.

@BlueToronto 3 года назад

@@abraxas511 I doubt it. He bad-mouths the Fed and its policies to no end. You think secretly he loves the Fed? Lol. He could have already bought all the BTC he wants a long time ago, why talk the price down now?

@CohnmanTheBudbarian 3 года назад

see this is the problem with the world atm.. everyone's listening to the children on twatter, who have no life experience except for you tube..

@ebeaulieu813 3 года назад

but, but, but it's on the internet it has to be true. I'll never forget when one of my kids said that. Major reawakening to drive out the Public schooling and dumb butt peers pressure.

@SaveManWoman 3 года назад

And this is the problem that your not willing to see younger generation who understands technology more than you. I made millions on the technology they creates the space for it. Why don’t you get it that it’s about piping ? Being ignorant and arrogant at same time is .....idk.

@hots4jc 3 года назад

If Peters son has never had a job...he must get a BIG allowance.

@connorp2685 3 года назад

Given that he's 18 he might have met a 'real' job. He could be earning money doing something like mowing grass.

@applesnow6516 3 года назад

I love this host, because she is so loud that can make even Peter to shut up and be able to ask a question :)) seriously, she is good, giving enough time to answer and persistent enough to ask a question

@savagehamzter8850 3 года назад

And also looks beautiful.

@michaelcostello450 3 года назад

Crypto currency

@SmithsnMoz 3 года назад

GOLD ALL THE WAY.

@kandyman2705 3 года назад

Talks over the guest to much. Love David but I agree...much better looking....LOL

@davebellamy4867 3 года назад

Hahaha. I thought just the same!!! 😂😅🤣

3 года назад

Nice hedge... son buys with father’s money in case bitcoin works out 👏🏼

@SmithsnMoz 3 года назад

Haha... 😆 lol

@kdelete4949 3 года назад

Lol. True. Peter couldn't come out and buy bitcoin because it would hurt his gold company

@fortyinch 3 года назад

I actually didn’t think of this. But now that you said it, i feel that this is quite accurate. I mean, after all, dad said the kid didn’t even have (a job) any work experience. Still in school.

@rajasmasala 3 года назад

This is why I don't tell family and friends to get into Bitcoin (too hard)...if it works out the gains'll hit their bank.

@indo3052 3 года назад

Yea and if it fails he can put the blame offf himself

@johnpatman4989 3 года назад

Cardano is where it’s at

@timisaac8121 3 года назад

Great and meaningful interview- TY Michelle! Please host the faceoff between Peter and Mark Cuban- LOL.

@aleski4090 3 года назад

Good vid. Schiff is always on point.

@dogzer 3 года назад

It must be said, looking pretty good sir!

@CristianCarvajalC 3 года назад

Fun to watch... thanks Peter

@sivi9741 3 года назад

I loved that interview !:)

@pedrocuello9399 2 года назад

Only credit I give to Peter is that he raised his son to think LOGICALLY and RATIONALLY through first principles, kudos to the kid

@Daniyoyo 3 года назад

The only sexy story on this show is the damn Host ! Good lord age like 🍷

@zeusvalentine 3 года назад

that is the second comment I saw about that. I don't see it, she looks fine but it's like you guys have never seen a middle age housewife before. Most look like her.

@rolandomendez8700 3 года назад

Looser simp

@baconblaster6422 3 года назад

@@zeusvalentine Lmaoo owned

@thetourminator 3 года назад

@@zeusvalentine go to your eye doctor NOW. You obviously are nearing blindness and cannot visually detect super hot women.

@capitalhungry9774 3 года назад

Compliments of a bullish season lol!! Most people don't understand the concept of "buying the dip" Buying the dip is all about buying digital assets when there prices are down and selling off when the price rises

@tayloranderson5597 3 года назад

If you believe in the future then bitcoin is the present and the future of the financial institution

@thegrahamstephanshow3337 3 года назад

Mr Henry Fuller is the best trader I have ever seen..

@nmendozamd 3 года назад

Time for Peter to learn about GSX.

@computersoftwaretraining7937 3 года назад

Ingenious comeback Peter on being pressed about which crypto you would back... any that's backed by GOLD!!! Love it... you could tell she didn't like that answer and was visibly frustrated! Great line too that Bitcoin is fiat crypto... you said all the right stuff!!!

@libertyovertyranny5062 3 года назад

This was a really great interview. Part 1 and 2. Great interviewer.

@AdamCeladin 3 года назад

Its a Trap....get some Silver ,)))

@MkOne001 3 года назад

no way I found your comment on this ^^

@vasarian 3 года назад

I'm starting to believe silver is rigged.. not enough movement throughout this whole ordeal

@UltimatePowa 3 года назад

@@vasarian It is rigged, but that rigging will soon break. Silver should be 1/8th to 1/4th the value of gold. So if gold is worth $2k, silver should be worth $500 to $250.

@AnthonyDoesYouTube 3 года назад

You mean the market that JPMorgan was literally fined for manipulating for 10+ years?

@depecheddurand 2 года назад

I believe in gold and silver .

@JARODA9999 3 года назад

Also I like Peter then have listen to him for years But Isn’t he staking his entire reputation that bitcoin isn’t going to be successful long term?

@thequietkiwi 3 года назад

Yes, but only his reputation. He's got his kid buying BTC to secure his legacy.

@Jason-xr7fh 3 года назад

Who cares if these guys flop. I was a skeptic for years until I learned about the tech. They are just being smart and changing with the times.

@calvin6429 3 года назад

would like to know how this tech add values

@davebellamy4867 3 года назад

@@calvin6429 A lot of people don't care. It's been going up.

@DrCurriena 3 года назад

Re: Spencer. I didn't read the Decline and Fall of the Roman Empire, but I believe that the failure to value the wisdom that comes with age is a hallmark of our own currently-declining western civilization

@omgyeaXD 3 года назад

Sorry to butt in. But you should learn about history. The decline of the dominant nation is actually caused by the increase in self interest of the population/government , defensive stance rather than aggressive and the feminisation of the males/ culture.

@omgyeaXD 3 года назад

Not to insult. Rather I think its an interesting topic that is worth reading into.

@caturdaynight6399 3 года назад

Makes sense why they would design a virus and implement procedures which facilitate the death of the elderly then.

@roseary9198 3 года назад

Rome never fell

@omgyeaXD 3 года назад

@@caturdaynight6399 it would make sense from an economic perspective. The elderly cost governments an insane amount of money compaired to younger. Knowing a lot of developed countries have a rapidly aging population. I wouldn't be surprised if one of them fancied all the old people gone.

@lc285 3 года назад

Dad and son tag teaming. Good way to hedge.

@ngpdreamteam2k4 3 года назад

Lol exactly. Son all in bitcoin, dad all in gold. Win win.

@untoldafricantruth9797 3 года назад

Exactly. Peter is in it with him.

@dmack1209 3 года назад

Tag teaming that red dress

@stargazer5073 3 года назад

Hey you must be diversified to protect your investments. Hard assets, physical gold and silver, real estate, etc.

@Victorcatrina_ 3 года назад

The prices of most altcoins depend on the current market price of Bitcoin. It is vital to understand that Bitcoin is relative to fiat currencies and is quite volatile.

@syedmohiuddinahmed7314 3 года назад

Great interview.. 👍👍👍

@timtill1791 3 года назад

Such a hypocrite and you dont have an invested interest? This guy is something else 🤦🏻‍♂️

@jespersorensen4462 3 года назад

Why the debate - Own Both ! (Peter sounds a bit like General Motors when Tesla were starting out).

@adivasisongs1045 3 года назад

finally a intelligent comment

@jean-marcm9730 3 года назад

Why do people that know nothing about cryptocurrency do interviews about cryptocurrency ?

@michaelmertens813 3 года назад

Let's start at the beginning, time for Peter to learn about AOL

@chrisj8764 3 года назад

As a crypto bull (for the long term) I love Peter Schiff's commentary - come on guys, listen to a smart commentator on the anti crypto case

@MovieRiotHD 2 года назад

A smart commentator with zero knowledge on the subject. When did he discuss technology or usecases?

@natasspin3015 3 года назад

His son is actively blasting him without even appearing on Kitco

@mikkimikki5376 3 года назад

P U N K

@TheGilbalfas 3 года назад

That is the solution. Digital currency backed by gold, redeemable in gold.

@lyjara 3 года назад

Peter Schiff is a real expert. Note that experts are people that stopped questioning the why. He should ask himself why are we that opposite?

@marknordgard1916 3 года назад

Im angry my self for not doing the same last year summer😖

@notmyrealnameify 3 года назад

still lots of gains to be made.

@tracybrown8034 3 года назад

😂

@ERMAV 3 года назад

Quick!!!! Panic buy!!!!

@elplata7224 3 года назад

Thanks peter

@oiioxx 3 года назад

Is Peter talking about DCEP?

@randylaundrysilverseeker 3 года назад

I will keep my gold and silver till the end

@jaygatsby1 3 года назад

Peter recently admitted he completely missed the extent of Wall Street/institutional interest in BTC. So if he missed on that, the biggest story in the space, why in holy hell should anyone listen to him about bitcoin? Have a little humility Pete. This is mos def not your scene.

@cg5648 2 года назад

Bit coin in January was 46,000. Today it is 19,000. He does not need humility when he is speaking facts.

@jaygatsby1 2 года назад

@@cg5648everyone should have humility. Especially someone who is wrong as often as he is.

@gturner911 3 года назад

AABB You’re all Welcome !!!

@steviephillips3706 3 года назад

Mark Cuban believed in crypto long ago and launched a coin of his own called unikoin gold. It bombed and now he talks up other cryptos. He’s probably getting money to promote it. Beware of celebrity intentions.

@peterpenta4440 3 года назад

- Happy belated birthday! - Okay.

@mariamontemayor1713 3 года назад

When she said "If you'd like you and Mark Cuban can hash it out, we'd host" I don't know why I was thinking a MMA match

@juansoto.925 3 года назад

Peter will clearly win with his economic mixed martial arts. 😅

@nathanschwappach5357 3 года назад

I got money on markey mark. He ain’t a Whiney B

@teleciatostonelias829 3 года назад

Wisdom... whether people are all in or out never put 100% in anything or anyone.😉

@James-il3tq 3 года назад

Truth! Except Jesus our Lord and savior 🙏

@nathanschwappach5357 3 года назад

That’s why polyamory is best 🤣

@chrisyorke6175 3 года назад

More so, when it is a Ponzi, and not even an asset.

@sprinkle61 3 года назад

If one investment is way better than all the others, it doesn't really make sense to own the others.

@migooknamja 3 года назад

So if someone is 80% gold and 20% silver, does that count as two assets or one?

@aransingkum1877 3 года назад

ขอบคุณครับ.ป๋า.รักษาสุขภาพน้ะครับ

@thinhdoan3373 3 года назад

There are already gold backed cryptos: Pax Gold and Tether Gold. You can earn interest on them too.

@kevinfernandes8527 3 года назад

Peter looks 15 year younger👍

@SmithsnMoz 3 года назад

CENTRAL BANKS Accumulating GOLD... I wonder why?? ..lol..

@nobullshoot 3 года назад

I tuned in just for the Kitco hottie. keep up the good work kitco.

@boardmsr 3 года назад

New host is good! But did something happen to David?

@tinacruz4430 3 года назад

Every bitcoin investor right now is just smiling at the price of bitcoin as it held strong and indeed valuable enough to generating good ROI. More persons are gonna become millionaires and we have bitcoin thanks for that

@johnjames3491 3 года назад

I agree on your opinion man, generally I always look out for it to dumb so I can purchase some more truly I believe it has come to stay

@annabelsmith865 3 года назад

What's really the idea behind this bitcoin investment anyway, because all I do is buy when it falls and sell when it goes high

@macturner80 3 года назад

@@annabelsmith865 smart it’s just speculative that the best way to go

@grahambutler5735 3 года назад

WHY CENTRAL BANKS HOLDEN MORE GOLD THAN EVER BEFORE

@rodneyleon3645 3 года назад

This interviewer is excellent! Real brains!

@zmelli 3 года назад

You also have to consider that people selling Gold also make money off the transaction. In the end you need something that you can hold.

@adascott994 3 года назад

There is already a digital unit of gold - Aurus or AWG, a gold backed token pegged against the price of gold. Approved bullion dealers will supply

@thequietkiwi 3 года назад

Thanks for the info. Looks interesting.

@VT-ix5oh 3 года назад

In the end schiff is like all of them, he will go where the money is.

@TonyL-gw4qx 3 года назад

If that were true he would have already done it. Of all the people he is well versed and had the chance to do it. I agree with Peter on bitcoin it is a complete scam. Don’t drink the cool aid on the largest bubble ever.

@thequietkiwi 3 года назад

@@TonyL-gw4qx Please explain how Bitcoin is a scam.

@paulsmith1981 3 года назад

There are more than 5000 crypto currencies out there and more being created all the time. The question I can't get a rational answer to, is, Why Bitcoin, and not one of the other more advanced crypto currencies?

@ray_mond 3 года назад

exactly... or the upcoming government coins lol

@7art 3 года назад

Right and now Fidelity is applying for an ETF for the stock market ... ARK, PayPal , Tesla, J.P.Morgan, are a few ... digital gold exists already

@PaulNolan 3 года назад

Omi no doubt

@SaxoEnergy 3 года назад

Fair play to him and his son good to see family can go different ways and still be cool 😎

@paulr1 3 года назад

Why not deversefy, silver AND Bitcoin ?

@desiebawden61 3 года назад

Some kids have to learn the hard way 🤣😂

@JoeDoe2 3 года назад

omg look at those big, beautiful, angled eyes. I'm in love. I'm not talking about Peter.

@ukitony3355 3 года назад

Those are big and beautiful, her eyes are nice too

@ryanbruh752 3 года назад

Beta

@judge831 3 года назад

Don't be a simp. She's like 40 years old

@kitconews1698 3 года назад

if you hold BTC or ETH and CRYPTO

@MidnightSunshine27 3 года назад

@@judge831 what's wrong with 40yo women?? 🤨

@cougarlove8542 3 года назад

GSX is a crypto hitting the market soon. It’s backed by mines and precious metals.

@annthatsallshewrote 3 года назад

They blocked us from watching it!

@ogpigeon4431 3 года назад

I think this was a wonderful interview, I have no idea why there are negative comments about the interviewer.

@ecsyntric 3 года назад

dude looking sharp at 58!

@hughjass1835 3 года назад

that happens when you've never actually worked a day in your life

@hughjass1835 3 года назад

🤣🤣🤣🤣🤣

@hughjass1835 3 года назад

Dude couldn't hammer a nail if his life depended on it. I'm talking about actual work, not gum service and institutional theft.

@RevolutionaryAssets 3 года назад

Peter you son doesn’t need a “Job” to work for money when he’s learned how to make his money work for him, 50 years ahead of you. DUH!

@BorbaFawkes 3 года назад

The power of staking. 💪

@stevenhill3136 3 года назад

@@BorbaFawkes Well Peter likely taught his son the value of money and not handed it to him

@christophersbutler3654 3 года назад

Our kids NEVER listen to us!

@cryptoskywalker1714 3 года назад

Peter still doesn't get it. It's not Bitcoin that you are buying. It's not ownership of a string of code. It's purchasing a ledger entry on the world's largest computer network, that entities you to redeem it at a later date for either cash, or goods and services. This may have been a meaningless sharade a decade ago, or even 3-5 years ago. But now that the network is virtually indomitable, that ledger entry you own is actually significant. Because now it's agreed that the ledger entry actually entitles you to your property. It's a certificate of value. It's essentially a safety deposit box in Cyberspace, where you can stash cash, and everyone agrees that it belongs to you, and has value. Once that belief is strong enough, and shared by enough people, and the network itself is impregnable, you've got modern Bitcoin. Coin stored in Bits. So it's over, Peter. There was a time when you could have been right. But that time is past. Bitcoin is a Trillion Dollar Asset. Give it up. It's over.

@zrzr4 3 года назад

Great interview Peter seemed very relaxed.

@rick8602 3 года назад

For once...its the host

@longjohnsilver3852 3 года назад

It really is hilarious that people actually believe that this 18 year old has as much experience as his father...

@fredt3727 3 года назад

Good arguments about BTC mania from Schiff. But he is also going in circles at times. Of course someone who has invested in an asset is going to promote it. It doesn't mean they don't have valid arguments to believe in it..

@Nate-zy5ce 2 года назад

Watching a Peter Schiff interview is always informative and interesting. This was no exception. I did find it interesting that he turned the normal use of the word "capitulation" on its head to basically make it synonymous with the now commonly used acronym "FOMO" or fear of missing out. Ironic, but whether you agree with this argument or not, it makes perfect sense. Good stuff. Always a good idea to learn about the bigger picture of the bitcoin/crypto space. Keep up the great programming Kitco.

@johncitrowske9922 2 года назад

He has an interesting perspective but it's ashame he's too narrow minded to see the applications in crypto

@brandon8bpferris253 3 года назад

He grew more technically inclined than his father it's that simple..

@robertjones5362 3 года назад

~🅦︎•🅗︎•🅐︎•🅣︎•🅢︎•🅐︎•🅟︎•🅟︎ +1*4*2*5*5*5*1*7*8*3*9*••••• 𝕚.𝕟.𝕧.𝕖.𝕤.𝕥.𝕚.𝕟ℂ.𝕣.𝕪.𝕡..𝕥.𝕠...𝔹.𝕋.ℂ𝔼.𝕋.ℍ~•••••••••••.

@danoneill2846 3 года назад

Tulips use less energy

@JeeGee114 3 года назад

It takes a a lot of energy to make them. Although technology (led) has improved over the years.

@josephagoglia9482 3 года назад

Awesome!

@ogpigeon4431 3 года назад

I think Peter doesn't understand the tech behind bitcoin which is ok, but he dismisses it completely out of hand which seems reckless.

@fintechbets 3 года назад

Bitcoin is a flip phone

@lololman 3 года назад

A gold-backed crypto is an oxymoron. Somebody else is holding that gold and it's not you. So you are back to square one.

@almaghrabee 3 года назад

That would just make it a stable coin for everyday buying and selling. It's not an investment. Bitcoin is a store of value and Defi is the next disruption to world economy. Surely he gets this?

@luckyPiston 3 года назад

So if BC has any value u should b able to cash out for gold or cash at anytime right ?

@kitconews1698 3 года назад

If you hold BTC or ETH:

@wixskid 3 года назад

Statistics say, children will do financially better then their parents.

@tsankawi7396 3 года назад

When you are young, you are supposed to throw some caution to the wind. How else do you get to really experience life?

@pomlover 3 года назад

LOL. Thousands of the best minds in finance can "see it". Maybe one day you will.

@user-rg3xs9jr5j 3 года назад

It’s always so weird that Peter doesn’t understand the similarities between Bitcoin and gold. Very specifically, IF everyone decided they didn’t want gold, it would be NEARLY worthless. IF everyone decided they didn’t want Bitcoin, it would be completely worthless. If everyone (or most everyone) believes in either, they have value.

@macturner80 3 года назад

he does that’s the point

@dlbdlb3919 3 года назад

A 2X4 piece of lumber or copper wire could go to a bubble, yet you're buying it now. instead of hodl dollars to protect yourself. , In 1923 Germany it was toilet paper that was money vs the Mark. Today it at the moment it's bitcoin vs the dollar. ECON 101 Peter. Geez