'Bitcoin Will Go To ZERO If This Happens!' - The Future Of Currency | Peter Schiff vs Raoul Pal

Welcome back to Impact Theory with Tom Bilyeu. Today, we dive into the future of currency in an electrifying clip featuring financial heavyweights Peter Schiff and Raoul Pal. As blockchain technology continues to gain momentum, Raoul Pal paints an optimistic picture of its widespread adoption. Meanwhile, Peter Schiff offers a critical perspective, questioning bitcoin's practicality and stability as a currency.

Tom Bilyeu navigates this riveting discussion, exploring whether bitcoin can truly function as a reliable medium of exchange or if it's simply a speculative bubble waiting to burst. We delve into Peter Schiff’s investment strategies, his views on gold as a safe haven, and his skepticism about Amazon and tech markets. Raoul Pal counters with his enthusiasm for the transformative potential of blockchain and his approach to speculative investing.

Join us as we compare gold to bitcoin, discuss the impact of market volatility, and understand the psychology behind speculative investments. Whether you're a blockchain believer or a bitcoin skeptic, this episode promises insightful debates and thought-provoking arguments. Don't miss it!

blockchain technology, bitcoin skepticism, bitcoin adoption, blockchain trust, blockchain security, Federal Reserve trust issues, futures market trust issues, speculative investment, Nasdaq index, technology companies, 1999 tech stock frenzy, market bubble, gold store of value, gold safe haven, real estate investment, Amazon investment critique, Amazon valuation, digital world dominance, bitcoin inflation hedge, bitcoin speculative investment, bitcoin investment risk, widely adopted currency, medium of exchange stability, undervalued assets, gold stocks appreciation, cryptocurrency community, missed Bitcoin opportunities, past financial bubbles, cryptocurrency promotion, bitcoin intrinsic value, bitcoin mining value

[philhurslit]

Now do Saylor and Schiff. Raoul has the patience of a Saint.

Thanks for the content, Tom and team.

[megnificentendeavors]

I've listened to two Peter Schiff interviews recently on the Gold vs. bitcoin debate, and he has been solidly successful in convincing me that he's not someone who is able to objectively debate the gold vs bitcoin issue.

[tomhoughton]

Remember when they said it would never hit 10k and anyone accumulating was an idiot...

[dilipkenwat-xdmd]

The Bonumbit is going to revolutionize the industry. The innovation and vision behind it are unmatched, and I’m confident this project will achieve incredible success.

[cafebonjour]

I am 53. Everyone was thinking Radio was the biggest invention until Television took over and followed by internet, live Broadcast, etc etc. it is the same mentality when Henry Ford created the first automobile, most said “ it is insufficient, who will ride the automobile?? horses will be here
forever. “ Ask yourself how many people riding horses for transportation now days? now EV is most selling Cars. 😂 go figure? people who have narrow vision, they live in a small world.

[bhaveshgarg]

schiff is missing the point that gold was also used a currency once upon a time and then slowly and steadily people starting to see the value in gold and now it has become a commodity/assett

[masonslcs]

Hey Peter, if you don't believe in Bitcoin then why don't you put all your gold up on a long-term Bitcoin short 🤔

[chingron]

Bitcoin does provide an extremely valuable service. It provides people a way to transfer value across space and time without trust or a third party middleman… 24/7.

To me, that ability has extreme intrinsic value.

[Freeh-lu]

Hi mate so excited today just reached my goal of 400k since June2024 to Jan 2025 I thank GOD for the life and wisdom shared

[goutamkhelari]

The Bonumbit is the kind of project that doesn’t come around often. The potential here is limitless, and I’m excited to see where this journey takes us. I’m all in.

[Tehudis]

Peter sounds like a little kid that is mad because Michael's toy is better 😂😂😂

[dsdsdsdsdsds]

"in it, promoting it, touting it...." whilst sitting there with a "SchiffGold" logo behind him LOL

[TheCannabisPodcast]

If Warren Buffett was anti crypto he wouldn’t have invested $250 million into Nu Holdings bank in Brazil. The leading crypto friendly bank in Brazil 👍 they are distracting you

[brandonc]

There is no debate here, BTC going to zero is only possible when the internet goes away COMPLETELY.

[jinkyum]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[TarzanWannaBe]

Peter talks more and says less than anyone on this topic. The irrationality is in his head. Tom asks “ what would it take to change your mind?” Raoul answers “if everyone stopped using the network.” Peter does not answer but starts talking. And talking. So tedious.

[tiredtiger]

Buying BTC is not a bet. IT'S A VOTE! A vote for a better trustless economic system.

[alexcaba]

You are so consistent with your videos! I very much appreciate your genuine content. It’s a testament to the character you represent. Aldona Šabanienė at being a great teacher and human being! I know that I have learned so much from you in the last few months. You helped me ask & answer a very important question..."What are your crypto convictions?" This question alone really has provided a healthy foundation to build off of. I've been in crypto for almost 4 years...and I have found so much value in your content. Thank You!

[otistheshoemaker]

Peter’s question (while ignoring all the utility) seems to be “why wouldn’t you rather have a more stable, consistent store of value instead of a more volatile inconsistent store of value?” if that’s how you’re going to measure it the answer is actually easy. The more stable option has a much slower, much lower value, and the more volatile one has a much higher value, but is also actually quite stable over the long-term. So if you go with the more volatile one, your odds of being higher are much better, and it’s still probably stable and if it starts to collapse, you can absorb a lot of collapse and still land at the same value you would have the option. It seems like a no-brainer. I’ve loved Peter in the past, but I’m going to have to just assume he’s in it for his business now.

[filipdimiskovski]

Regardless of everyone's opinion of what Bitcoin value is, Tom I love your question "What has to happen in order for your belief to be false"! It's a great way to truly question our limiting beliefs and a great way to overcome them!