Nov 19, 2013

Bitcoin: People Will Lose A Lot Of Money

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.

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