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Why Crypto Is A Losing Game w/Economist Peter Schiff EP 1208
The School of Greatness
Is Bitcoin Like Gold?
Gold is scarce because there's only so much of it here on the earth. You have to mine it out of the ground, which is a very difficult process. Bit coin is not unique at all. It doesn't have any real value. The only demand for bitcoin comes from speculators. There's no real user of bitcoin. you only buy bit coin if you think the price is going to go up. So people will always want gold, right? Gold is not just about an investment. Gold is an actual commodity that's used. I mean, biggest use is jewellery. They've been making gold jewellery for thousands of years. And in fact, you can make another token
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