I do not think it is going to end up being a source of commerce for the world. I think right now it is a source of gambling and I think people will lose a lot of money. But again, I don`t know where the top is. I never know where the top is but I think I got a pretty good vision when it comes to seeing bubbles and I certainly see one in bitcoins.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2016 (252)
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- China Announced The Mother Of All Tapering
- Will Bitcoins Be Worth Zero? They Might.
- The Original Currencies
- The Only Reason Anybody Wants Bitcoins
- An Economy That Lives By QE, Dies By QE
- Federal Reserve: They Have No Intention Of Taperin...
- Tapering & Tight Financial Conditions
- The Only Thing The Federal Reserve Fears More Than...
- Bitcoin Is The Wrong Vehicle
- The Simple Truth On The U.S. Debt: Repayment Is Im...
- We Are Going Get More And More QE Until We Overdos...
- Federal Reserve: No Impetus To Change Course
- Bitcoin: People Will Lose A Lot Of Money
- Yellen, Dollar Crisis & The End Of This Madness
- Yellen Will Compound The Mistakes
- Yellen: A Blind Leading The Blind
- Bitcoins Are No Alternative To Gold
- Bitcoins: A Modern Day Tulip Mania
- The Minute They Remove The QE, We Are Back In Rece...
- Video: Discussing Gold & Currencies With Dennis Ga...
- Euphoria: The Short Term Effect Of The Monetary St...
- We Are Not Getting Better Economic Data
- The Fastest Growing Industries Are Where Prices Ar...
- The Natural Consequence Of A Growing And Vibrant E...
- What Europe Needs
- Video: Federal Reserve, Cheap Money & Asset Bubble...
- The Federal Reserve Is Getting Ready To Increase Q...
- QE Is Like A Drug
- QE Is Preventing The Economy From Fundamentally Re...
- The Problem For The Market
- The Whole Rally In Stocks Is Based On QE
- Video: Discussing Monetary Policy With Ron Insana
- Eugene Fama Should Return The Nobel Prize
- Video: Economic Incompetence Is A Prerequisite For...
- Eugene Fama`s Neutral Events
- Video: Yellen`s Nomination
- ▼ November (36)