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Tom Bilyeu's Impact Theory

Peter Schiff vs Raoul Pal Debate: Bitcoin Going To $0 or $1 Million & A Great Depression Coming? PT 1

Mar 12, 2024
Raoul Pal and Peter Schiff engage in a heated debate about Bitcoin, the economy, and future predictions. Topics include currency collapse, AI's impact, market predictions, asset value, and digital vs. physical assets. Part 1 of the discussion leaves listeners eager for more insights in Part 2.
01:35:08

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Gold's value lies in its tangible industrial applications, emphasizing its reliability as a wealth storage commodity.
  • Bitcoin's worth stems from its scarcity belief and digital utility, driving market value through blockchain adoption.

Deep dives

Peter Schiff's View on Gold and Intrinsic Value

Peter Schiff believes that gold's value is derived from its intrinsic physical properties and its usefulness beyond being a store of value. He emphasizes that gold has industrial applications and tangible value that make it a reliable commodity for storing wealth and maintaining value over time.

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