Peter Schiff & Alex Mashinsky debate Bitcoin: Gold 2.0 or fool’s gold?

Kitco News, Released on 11/17/21

Join Kitco News live on YouTube as Peter Schiff, one of the staunchest detractors of Bitcoin takes on Alex Mashinsky, a pioneer in the Cryptospace and a top Bitcoin proponent.

In an era of unprecedented fiscal and monetary stimulus is Bitcoin the answer? Can Bitcoin offer a hedge against inflation, dollar debasement and be a true store of value and a wealth protection asset?

As Bitcoin hits new all-time highs can we safely dismiss its existential threats or is it still in danger of crumbling under the thumb of regulation? Does Bitcoin have intrinsic value or will it ultimately crash?

Email us your questions now at [email protected] or submit them live via the YouTube comment section.

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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Igby MacDavitt

What a clown — gold has no value? Sure you can use it for electronics, but it has no value; I guess an apple has no value, too. But I bet if he was stranded on an island with no food, and I arrived with a box of apples, he’d give me all his BTC for them (or try to kill me to get them).