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BCB103_DOM BEI: Work For The HARDEST Money.

Blue Collar Bitcoin

CHAPTER

Bitcoin: A Form of Insurance for a Firefighter

Peter Schiff: Bitcoin is a wonderful hedge position or quote unquote small piece of insurance that you can take out against your pension. Like firefighters are, many career firefighters are completely reliant on their pension. If the pension system and the global financial system and the bond market really meaningful and meaningfully implodes in a way that totally hampers what you were going to get into perpetuity, this asset is designed to perform in that environment. He says there's so many places right now that Bitcoin stands to benefit from whether it's pensions, turbulence and banking, flight from the dollar, more institutions that want to have safe, reliable, strong monetary digital infrastructure.

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