Gold Is the Safest Haven – Ep 786
The Peter Schiff Show Podcast
00:00
Bit Coin Is Not Going Anywhere
Gold returned back to slightly below two thousand dollars an ounce, which still represents a solid gain on the year. The executive order is just the opening bid for all sorts of regulations that are going to be made and implemented pursuant to this Executive Order. All these regulations are going to being bad for the crypto industry. They're going to be bad for bitcoin because what they'll do is drive up the costs of operating these networks. And so not only will this increase the cost of transacting in bit coin, it will reduce the appeal of attracting in bit coin.
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