Sep 25, 2017

Bitcoin, Gold and The Madness Of The Crowds

In a recent podcast, Peter Schiff advised Bitcoin investors to read the book Extraordinary Popular Delusions and the Madness of Crowds and put gold and Bitcoin in an interesting historic perspective when he mentioned that in a few thousand years, Gold will still be money while bitcoin and the other crypto currencies will be just a blip in history:

" will still be money who knows if anybody will even remember a Bitcoin or any of these crypto currencies that existed for a relative nanosecond in the history of time but I don't know I mean maybe they'll write a new chapter in that book popular delusions and the madness of crowds and by the way if you own some bitcoins get a copy of that  book and read it because it is very applicable to what's going on now."

Related trading instruments: Bitcoin, SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX),

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