PETER SCHIFF
Monday, November 25, 2013
Peter Schiff Debates Stefan Molyneux - Bitcoin vs. Gold: The Future of Money
Is bitcoin a bubble? Does gold have an intrinsic value? Is bitcoin a ponzi or pyramid scheme? Peter Schiff thinks so. Stefan Molyneux and Peter Schiff discuss Bitcoin vs. Gold and the future of money.
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.
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Bitcoin and gold has its own edge. But we are now in technological era that everything becomes digital. Currencies like the now-famous Bitcoin offer the potential for a store of value, low transaction costs, free movement, and anonymity; in which all of those gold cannot offer. Do you think bitcoin is a good alternative for gold? Take a peek at this: http://bitcoindaily.com/bitcoin-gold-2-0
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