Dec 26, 2013

Bitcoin: It Will Not Work As A Currency

What are they worth? They are worth what the last person is willing to pay. I do not think it is going to work as a currency. Theoretically, there is a limit to the supply but what if there is no demand? And there will be a lot of other digital currencies.

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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