
Investors Are Mistaken About the Fed’s Mistake - Ep 860
The Peter Schiff Show Podcast
00:00
What Can You Do With Bitcoin?
Jamie Diamond was on CNBC talking about Bitcoin criticizing CNBC for covering it so much just like I've been doing. He referred to Bitcoin as a side show and he compared Bitcoin to pet rocks which if anything sells pet rock short because pet rocks actually have some utility, Peter says. "What can you do with Bitcoin no matter how many you have you can't do anything with them now yes" The seventeen hundred dollar level for Bitcoin is not a new floor being formed it's likely the next ceiling being for we're going to have another leg lower said Peter.
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