The only reason they do this is because gold heavy fund managers like him & Schiff are in DEEP SHIT thanks to Bitcoin. They lost their clients 20%+ last year and all they had to do was have a tiny 1% hedge in Bitcoin and their clients would be smiling.
Right now their clients are leaving them en masse even though the clients are still long gold, they're all realising there's no point having a fund manager specialising in this space if he can't spot the risk/reward ratio of Bitcoin and at least hedge 1% there. 1%!? 1%...
They're about as useful as an ejection seat in a helicopter. Worse they probably even specifically discouraged some clients from Bitcoin last year and they're paying the price.
Are you really implying that Bitcoin is the reason gold-heavy fund managers lost their clients 20%+ (also, what's your source on this number?) last year? I'm as enthusiastic as the next guy about the possibilities of Bitcoin shaking up the establishment, but don't you think the 25%+ drop in gold price (a readily available statistic) is the more plausible reason? I do.
Let's keep our feet on the ground with the reality of where Bitcoin is at here.