Quote from: Ever-young on Today at 08:36:20 PM

Quote from: xmrhopium on December 10, 2024, 02:29:57 PM

What I don't understand is how Peter Schiff does not see the fact that gold went from money (medium of exchange) to "store of value" and that Bitcoin is just doing the same thing (going from digital money to digital store of value) but with quicker & better. Either he does see it and simply does not want to say it (because of his bias towards gold) or he's just not paying attention to what is happening into the world or peter is fighting for his company and the gold industry
as a whole that clearly threatened by Bitcoin because of new store of value ?

Peter Schiff Knows exactly what he's doing; he knows where Bitcoin is going, and he sees it as a threat to his business and wealth. He just doesn't want to admit to the fact that we have a season for everything. He should be lucky that everything has its place and Bitcoin is just doing Bitcoin.

One of his angers is from how Bitcoin, which is not backed up by anything, can attain such heights. It's crazy to him, and as an economist, he doesn't believe in such theories. A long time ago, Bitcoin should have been dead, but seeing the currency still this active annoys him a lot.

There are still many individuals who are reluctant to bring positive ideas about Bitcoin. They see that Bitcoin is gradually getting higher and higher. Some well-known individuals may feel shy to take it positively in public because they show themselves against Bitcoin, but the fact is that there are many individuals who show themselves as Bitcoin opponents in front of the public, but behind the scenes they are Bitcoin enthusiasts. Therefore, if you ignore those who make negative thoughts about Bitcoin and hold Bitcoin positively, then those investors will definitely be profitable in the long run. It is better to continue to save Bitcoin on a regular basis.