PETER SCHIFF
Tuesday, December 24, 2013
Bitcoin ~ soon Greed will be replaced by Fear
Peter Schiff: Bitcoin intriguing, but isn't going anywhere Noted gold bull and Fed critic Peter Schiff gives us his unique take on the rising popularity of bitcoin
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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I'm not so sure about this opinion by Peter Schiff. Someone just recently paid for a Lamborghini with Bitcoin, and you can even buy physical gold with Bitcoin now. Time will obviously tell, but I don't think there's a guarantee yet, one way or another.
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