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.