Bitcoin Is Just Too Volatile To Be Money

Bitcoin is just too volatile to be money. At best it is just an asset, a speculative asset. It does have liquidity similar to money, you can exchange it.

Ultimately though the value of a Bitcoin may prove to be zero because it does not have any value if people do not want to use it as a medium of exchange or store of value because there is no real value there to store.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Good News Is Bad News When It Comes To The Stock Market

Good news is bad news when it comes to the stock market because the only thing propping up the stock market is cheap money and in order to keep the cheap money flowing the economic news has to be bad.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Rallies Will Not Be Sustainable

We can get rallies in the stock market but they are not going to be sustainable because the Federal Reserve is going to have to join this party. The Fed will need to come to the aid of the markets with new stimulus. Just delaying the rate hike is not going to do it. They actually need to deliver more stimulus, the Federal Reserve has to be in the game, the Fed has to join the other central banks in providing fresh stimulus. They have to cut interest rates, they have to go back to Quantitative Easing (QE). And until they acknowledge that the markets are never going to be able to make much.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.