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Peter Schiff getting very uncomfortable when Pomp asks him if he thinks Larry Fink is dumb for calling #Bitcoin “a flight to quality.” He also goes on to say he’s not worried about Bitcoin demonetizing gold in the future. Peter is living in a world of delusion. 🤡

153,094 次观看 • 2 年前 •via X (Twitter)

10 条评论

Thomas Young 的头像
Thomas Young2 年前

Digital vs. Analog -- your eyes don't lie. Blockbuster didn't think they would go out of business when movie rentals went from analog (go to store and borrow physical medium with a movie on it) to digital streaming (Netflix). Euro Pacific Capital is Blockbuster an Schiff is selling VHS tapes.

The ₿itcoin Therapist 的头像
The ₿itcoin Therapist2 年前

@APompliano @PeterSchiff Hard to argue with that

Uncle Rockstar Developer 的头像
Uncle Rockstar Developer2 年前

@APompliano @PeterSchiff One thing I would agree with @PeterSchiff here is that not _all_ people buying #Bitcoin would buy gold. But gold being at $13.530 T market cap... there is no way that at least 30% of that won't switch to Bitcoin, when people hedging inflation understand there is a better asset.

The ₿itcoin Therapist 的头像
The ₿itcoin Therapist2 年前

@APompliano @PeterSchiff He also stated in the interview that if Bitcoin goes to $1M he expects gold to go higher and a loaf bread would also be $1M 😂

Billy ₿oone 的头像
Billy ₿oone2 年前

@APompliano @PeterSchiff I am not buying #Bitcoin with leftover gambling cash. I am buying with my excess treasury reserve capital because it is most definitely not safe sitting in fiat. #Bitcoin fixes the disincentivized savings problem. Your wealth is melting...

James McKay 的头像
James McKay2 年前

@APompliano @PeterSchiff The fixation on #gold vs #Bitcoin is so counterproductive. Gold is 'one of the good guys'. Hedge against systemic risk, can be held with zero counterparty, cannot be printed, is a store of value etc. The wider point is that Bitcoin is a call option on the entire fiat paradigm.

Ernie 的头像
Ernie2 年前

@APompliano @PeterSchiff I sold my gold coins for bitcoin and doubled the money in 4 weeks :D selling the gold was a nightmare lmao

Altcoins Archive 的头像
Altcoins Archive2 年前

@APompliano @PeterSchiff Peter Schiff seems to dance around the question, avoiding the possibility that Bitcoin might challenge gold. His discomfort speaks volumes about the changing landscape of financial assets. #Bitcoin vs. #Gold 🌐

The Woof of All Treats. 的头像
The Woof of All Treats.2 年前

@APompliano @PeterSchiff That swallow. lol.

The ₿itcoin Therapist 的头像
The ₿itcoin Therapist2 年前

@APompliano @PeterSchiff 😂

相关视频

Larry Fink’s "Evolution" on Bitcoin Is a Masterclass in Oligarchic Hypocrisy BlackRock CEO & WEF co-chairman Larry Fink just admitted he was "wrong" about Bitcoin. But his confession reveals a chilling worldview. In 2017, he stood with Jamie Dimon, dismissing Bitcoin as the "currency for money launderers and thieves." Today, BlackRock runs the world's largest Bitcoin ETF. What changed? According to Fink, it wasn't a moral awakening; it was a cold, calculated realization of where true power lies in a decaying global system. Here’s what Fink is really saying: - Bitcoin is the "Currency of Fear." He admits people don't buy it out of hope, but out of desperation. They are "frightened of their security" and "frightened of the debasement" of their national currency. He sees the crumbling faith in the very fiat system his institution profits from. - It's a Tool for Bypassing Failed States. He learned of an Afghan woman using Bitcoin to pay female workers under the Taliban. His takeaway? When state-controlled banking becomes an instrument of oppression or collapses, decentralized networks become essential. He’s not celebrating freedom; he’s acknowledging a new, unstoppable geopolitical reality. - He Admits Its Illicit Use Case is Overblown. By highlighting that 20% of Bitcoin ownership is Chinese despite it being illegal, he implicitly concedes its primary use is not crime, but as a safeguard against authoritarian capital controls and economic instability. The Stunning Conclusion: Fink’s journey is the ultimate indictment of the system he helps lead. He now embraces Bitcoin not because he believes in its libertarian ideals, but because he recognizes it as the inevitable "digital gold" for a world losing trust in governments and central banks. BlackRock isn't "believing" in Bitcoin; it's commodifying your fear. They failed to kill it, so now they're seizing it, packaging it into an ETF, and selling your desperation back to you. The man who called it a tool for thieves now runs the world's biggest vault. The "evolution" isn't in Fink's character; it's in his strategy to control the very asset built to escape his control.

Camus

16,327 次观看 • 10 个月前