Peter Schiff
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Appearances Over Time
Podcast Appearances
Well, how is that different from buying gold?
Well, I don't know a lot of people who got rich buying gold, right?
Well, I've done really well, just being honest, and so have you.
Okay, we've tripled our money.
I'm talking about people who bought Bitcoin for a dollar, and now it's $90,000, right?
You're talking about people who put... Okay, so it's a big run-up, but it's the same.
Right.
But there is a big difference.
And I'll get to that in a minute.
But the people who have made money in crypto, right?
They bought it at a very low price.
And now other people...
are buying it at a much higher price, believing that they're going to be able to do the same thing.
There are people who are buying Bitcoin now at $90,000, whatever it's at.
They're buying it because they think it's going to a million.
They think they'll be able to sell it at a million.
And of course, the only reason someone's going to buy it at a million is because they think it's going to 10 million, right?
So it's all this greater fool theory.
But why is it different from NVIDIA or any stock?
So NVIDIA, right?