Gold vs. Bitcoin: Max Keiser, Peter Schiff talk digital currencies, Trump

Bitcoin is not a great libertarian currency: you can be tracked, monitored and surveilled by the state. Gold, meanwhile, is a lot harder to track, monitor and surveil.

There has been a growing gap between bitcoiners and gold bugs in recent months, though both sides likely support the same goals: make money, protect your wealth and defend yourself from the government.

Peter Schiff, a famous gold bug, and Max Keiser, a famous bitcoiner, had a brief chat at Freedom Fest last week to discuss a wide range of issues, from President Donald Trump to the world of gold and digital currencies.

Here are a few takeaways:

– Schiff liked Candidate Trump better than President Trump.
– The dollar rally was fake, and now it’s ready to pull back.
– Merchants will eventually want physical gold.
– Bitcoin is the same as the dot-com bubble.
– Bitcoin will crumble to zero when a better version is created.
– Digital currencies need to be backed by gold.
– Cryptocurrencies could collapse before the dollar and the euro.

Like the tulip bulbs, you can make some quick cash in bitcoin before it plunges.

Here is the interview embedded below:

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Comments

  1. JRATT1956 says:

    There is not enough gold to back our credit market created dollar economy. Get over it.

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