Bitcoin vs Gold

Bitcoin vs Gold

With the surging popularity of Bitcoins, Peter Schiff sees another bubble in the making. Peter explains why Bitcoin is not “gold 2.0” but fool’s gold. It’s modern day alchemy and you are assuming significant risks by “investing” in it. Like a pyramid scheme, many early adapters will profit from bitcoin, but those profits will come at the expense of the losses suffered by those who adapt later.

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  1. Bitcoin has intrinsic value for global money transfer, large merchant services and transaction and a storage of wealth that is non inflationary.
    Also Bitcoin is only $11B Gold is $8.5T or so.. its all about capital flows and Until bitcoin gets to $500Billion in market cap its a BUY. Gold might also be wise to have in a portfolio if it is physical but I don't see it as either or.

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