Voters and Investors Keep Getting It Wrong – Ep 854
The Peter Schiff Show Podcast
00:00
The Fed Is Closer to a Pivot Inspires Buying in Bitcoin
bitcoin is not an inflation hedge it's not digital gold the whole thing is a fraud just like all these other crypto companies are Ponzi schemes. The institutions that dip their toe in the water now are dealing with a frozen toe and they're glad that they never took the complete plunge this whole thing is imploding looking at shares of the grayscale bitcoin trust which hit a new 52 week low yesterday. Bitcoin bounced again today but this bounces another sucker rally we're going to hit new lows because there's so much selling still pent up as i am recording the podcast right now bitcoins around 17 000 500 it bounced again todaybut this bouncesanother sucker rally we'll see fallout from FTX al
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