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Peter Schiff’s Bold Take on Bitcoin & Why Gold Will Crush It Over Time
Dec 6, 2024
Peter Schiff, CEO and chief global strategist of Schiff Gold, joins Anthony Scaramucci to share his insights on Bitcoin and gold. He passionately argues that despite Bitcoin's allure, it may be a speculative bubble at risk of bursting. Schiff warns about America's skyrocketing debt and the dangers of stagflation, while firmly positioning gold as the ultimate long-term investment. They dive into the future of the federal reserve, the volatility of Bitcoin, and the pressing need to understand the real store of value.
36:27
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Quick takeaways
- Peter Schiff argues that Bitcoin's speculative nature raises concerns about its long-term sustainability as an investment vehicle.
- Schiff warns that America's rising national debt and potential stagflation pose significant risks to the economic stability and purchasing power of average Americans.
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