Less Loose Will Lower Markets, Not Inflation – Ep 766
The Peter Schiff Show Podcast
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Is There a Crisis in Confidence in Bit Coin?
The dollar doesn't have any intrinsic value, because it's no longer backed up by gold. Bitcoin has only been around for a dozen years and bitcoin isn't legal tender in the united states. If people can lose confidence in th dollar, they can easily lose confidence in bit coin,. In fact, more likely. And so it high lights the fundamental flaw of bitcoin...it simply strengthens the argument for gold.
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