What we have now, fiat currencies instead of real money, does not work. So, we need to go back to real money. Now, do I think bitcoin is real money? No, I don`t. It does not satisfy to me the definition of money, what money needs to be. It does not have any intrinsic value on its own. You can`t do anything with a bitcoin. You can do something with gold, gold has a value unique to itself.
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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