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. 🤡

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.

@APompliano @PeterSchiff Hard to argue with that

@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.

@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 😂

@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...

@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.

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

@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 🌐

@APompliano @PeterSchiff That swallow. lol.

@APompliano @PeterSchiff 😂