A Massive Bitcoin Crash Is Coming | Peter Schiff

Published: April 28, 2024, 11 a.m.

In this episode of The Wolf Of All Streets podcast, Peter Schiff, a prominent stockbroker and gold investor, discusses why Bitcoin and gold are so different, explains his belief that the price of gold will continue to rise, and predicts that Bitcoin will experience the biggest crash in its history.\n\nPeter Schiff: https://twitter.com/PeterSchiff\n\n\u25ba\u25ba Sponsored by iTrust Capital\nInvest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital.\n\U0001f449 https://bit.ly/itrust-scott\n\n\u25ba\u25ba JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY!\n\U0001f449https://thewolfden.substack.com/\xa0\xa0\n\n\u25ba\u25baOKX\nSIGN UP FOR AN OKX TRADING ACCOUNT THEN DEPOSIT & TRADE TO UNLOCK MYSTERY BOX REWARDS OF UP TO $60,000!\xa0\n\U0001f449\xa0https://www.okx.com/join/SCOTTMELKER\xa0\n\n\u25ba\u25baTRADING ALPHA\nREADY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE \u201825OFF\u2019 FOR 25% OFF WHEN VISITING MY LINK.\xa0\n\U0001f449 https://tradingalpha.io/?via=scottmelker\n\n\u25ba\u25baNGRAVE\nThis is the coldest hardware wallet in the world and the only one that I personally use.\n\U0001f449https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd\xa0\n\n\u25ba\u25baNORD VPN\xa0\nGET EXCLUSIVE NORDVPN DEAL\xa0- 40% DISCOUNT! IT\u2019S RISK-FREE WITH NORD\u2019S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY!\n\U0001f449 https://nordvpn.com/WolfOfAllStreets\xa0\xa0\n\nFollow Scott Melker:\nTwitter: https://twitter.com/scottmelker\xa0\xa0\nWeb: https://www.thewolfofallstreets.io\xa0\xa0\nSpotify: https://spoti.fi/30N5FDe\xa0\xa0\nApple podcast: https://apple.co/3FASB2c\xa0\xa0\n\n#Bitcoin #Crypto #Gold\nTimestamps:\n0:00 Intro\n1:22 Bitcoiners and goldbugs\n2:10 Macro environment\xa0\n6:10 The price of gold will increase faster than the cost of mining\n6:45 iTrustCapital\n7:43 Can Bitcoin replace gold?\n11:10 Safe haven\xa0\n13:25 Bitcoin is a risk asset\n14:40 ETFs will be a big problem for Bitcoin\n17:00 Big crash\n20:30 Who sold Bitcoin?\n22:50 RIAs\n26:51 Trading Bitcoin miners\n28:30 Buy Bitcoin, short Microstrategy\n29:25 Inflation against gold miners\n33:00 Gold speculation\n34:50 60/40 Portfolio\n38:10 Who buys gold\n39:30 Gold on blockchain\n42:20 Volatility\n43:45 Dollar is a problem\n48:00 US to default?\n51:20 Demand for gold will increase\n52:55 Gold supply\n54:10 Peter Schiff & Bitcoin\n56:48 Wrap up\n\nThe views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor.\xa0Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.