Peter Schiff

That's fine because criminals are used to paying to launder money.

Of course.

They don't mind it.

But if you're a lawless, honest person and I'm buying stuff, I really don't care if the government knows I bought it.

You're not going to take that kind of a risk.

um to be anonymous to be you know to transact in private and you know i think i think it's unfortunate that we've lost all of this privacy uh that we once had i mean it was you know constitutional right you had a right to privacy the whole constitution is written supposedly so yeah but not anymore we have you know there's no privacy whatsoever in anymore um

But ultimately, the fact that it didn't have any real value is what lessened that appeal to most people.

But in order to make Bitcoin palatable to Wall Street, they actually got all this government regulation.

I mean, can you imagine an industry that is just asking to be regulated, wants regulation?

I mean, normally...

a business industry would want as little regulation as possible.

They don't want the government getting involved.

Well, they call it clarity.

Well, what they're looking for in crypto is validation.

They want the regulation to validate product in the industry so they can get people to buy it by saying the government has blessed it.

So the government now endorses it.

The government is supporting it.

And the reason that so many politicians, including Trump, the reason that they support Bitcoin is because Bitcoin supported them, right?

People that got into Bitcoin early made so much money because so many other people got in late that they were able to pay off a bunch of politicians and get them to support Bitcoin.

They supported this whole idea of a Bitcoin strategic reserve, which is really just a Bitcoin bailout fund trying to use taxpayer money to buy out Bitcoin.