Something’s Gotta Give – Ep 798
The Peter Schiff Show Podcast
00:00
Cryptocurrency
All this good news should have been perfect for bit coin. But instead of going up, bitcoin went down a lot. A 35 % drop over that year is a big remember, gold went up during that same time period, not down. That means bit coin was distributed in the past year, it went from strong hands to weak hands. In other words, it goes from diamond hands to paper hands. The people who bought in a bit coin in the last year, these are not the die hard, true believers. Any die hard true believers would have got into bit coin years ago. They wouldn't have waited until the last year with bit coin at 50 or 60 thousand to buy their first
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