Schiff: Bitcoin vs. GoldYouTube
Nov. 24, 2013
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With the surging popularity of Bitcoin, 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.