Quote from: snakebit on July 25, 2014, 06:13:15 PM

Meanwhile, the CEO of Amagi Metals makes a bet with Peter Schiff on the future price of BTC that bitcoin will outpace gold in the next five years, in relation to how much gold bitcoin can buy. Peter agreed to the bet that will cost the loser 1 bitcoin, assured that the price of bitcoin will eventually plummet. Cheesy

https://www.amagimetals.com/info/ceo-of-amagi-metals-makes-a-bet-with-peter-schiff/

I hope Peter is prepared to pay up. That could be quite an expensive bet to lose. Grin

That is great! I hadn't seen that. Hopefully he'll have to pay up in the 6+ figures!

I think Schiff is wrong here, but he is right on a lot of things and his views have a lot in common with many people here in terms of the problems with the Fed, bankers, and devaluing fiat etc. He just thinks gold, silver and other PMs are the way to go, I'm inclined to think that bitcoin has a place as do gold, silver, and lead if one is worried about the impact of default.

:-)