🔴 Bitcoin: The Biggest Bubble of Them All - Ep 992

Bitcoin hits new highs; MicroStrategy's risky Bitcoin investments; Trump's impact; misallocation in crypto; China's strategic investments; UK labor rights.



Peter Schiff critiques the hype surrounding Bitcoin and MicroStrategy's investment strategies, attributing Bitcoin's recent gains to speculative fervor tied to political promises by figures like Donald Trump and Robert Kennedy Jr. He argues that such speculative bubbles harm the economy by misallocating resources. Schiff contrasts these developments with China's strategic investments in infrastructure, which bolster their economic position. He also discusses the implications of labor laws in the UK and their potential to backfire by increasing automation and outsourcing. Schiff concludes by emphasizing the ongoing devaluation of the dollar and the risks posed by continued abandonment of the gold standard.



00:00 Introduction and Opening Remarks
01:38 Bitcoin's Record Highs and Market Dynamics
02:37 Trump's Influence on Bitcoin
09:16 MicroStrategy's Bitcoin Strategy
17:45 Commercial Break
19:03 Bitcoin Bubble and Market Criticism
23:40 Gold Standard and Economic Perspectives
25:49 Bitcoin vs. Gold Debate
31:22 Commercial Break
31:46 Holiday Season and Hair Health
32:00 Nutrafol: The Ultimate Hair Growth Solution
33:27 The Cost of Healthy Eating
37:39 Impact of Immigration Policies
43:29 UK's Labor Bill of Rights
57:33 Conclusion and Upcoming Events

#Bitcoin #MicroStrategy #gold

[ModernDayDebate]

Peter is right, ditch Bitcoin.... And buy Microstrategy!!! AHAHAHAHAHHA!

[josephvogel]

Bitcoin is outside the system, but now it wants to be inside the system???

[gt]

I’ve got to admit, when I remember Peter mention bitcoin was worth more than one dollar all those years ago, I never thought a US president would be onboard.

[jackgoldman]

This is a war between fantasy, television, computers, cell phones, and reality, babies, families, breath, heart beat, digestion of honest food.

[sarawilliam]

I bought 2 bitcoin at $40, 000 wanting to exit with at least $200, 000 but at the moment i am worried that bitcoin won't get to $100k in this bull run, as post halving has not seen bitcoin break its ATH. I need advice, should i cash out now and put my money in safe investments or still hang-on?

[capt.sparrow]

Listening to Peter I bought a monster box of silver in 2013 held it for 5 years and lost 20 cents an ounce. Had I bought bitcoin I would have made 15 million. Don't listen to Peter.

[krsnaabi]

Peter Schiff is the ONE and only ONE Gold, pure and shining always!!

[cdnow]

Central Banks CONTINUE to BUY GOLD...😂

[LucyVade]

I will never understand buying something as a store of value. If you never sell or don't receive dividends, interest or a return. How do you make money?

[MBarberfanlife]

A 16 year bubble? Strange. Even if I grant that it's coherent, it goes against history.

[QVAlfista]

BRUTAL HONESTY! That's why I LOVE ya Pete! You're a real precious metal!

[DTravelr]

Peter, a huge part of the reason food has crap ingredients, is because the government subsidizes the crap! Before that, the free market chose good ingredients, which are not inherently more expensive

[TP-btrv]

Gotta come back to this guy for a good laugh 😂

[PistolPete]

Peter I’ve bought a few ounces of gold with my crypto plays lately

[bbq]

Thank you for promoting bitcoin. Bitcoin will go to the moon let’s go

[channelheidivandenberg]

Sounds like it’s going to be a btc standard 😂

[jonburkhartsmeyer]

Go back through the last 6 years of peter Schiff podcasts and you'll be blown away how wrong peter has been on Bitcoin. And yet he just bitterly continues to double and triple down 😂

[Sundance-i]

Saylors strategy is working, he was pretty transparent in his interview

[neilr]

Bitcoin goes up and down with the stockmarket these days. It's well inside "the system". It's not digital gold. Every time there's any uncertainty it takes a huge dump.

[jackokiler]

There is nothing funnier than Peter trying to fight bitcoin from $0.1 to $91k.
Can you imagine missing o a 90999899% gain? No wonder he is not taking it well.