Peter Schiff

But I don't need Bitcoin for anything.

So it's not a function of how much money there is.

The function is the demand for Bitcoin.

And what drives the demand for Bitcoin?

It's the belief that the price is going to go up.

That's all of where it comes from.

And so you need to have more people that believe the price is going to go up.

And when the price does go up, people have to think, okay, it's going to go up some more, right?

It has to always go up because that's the only way to drive the buying because every buyer has to believe that there's another buyer who's going to pay more than they did, right?

That's the whole

greater fool concept that drives Bitcoin.

But the reason that the greater fool concept doesn't work is because you eventually run out of fools.

There is no greatest fool, right?

You have the last one and then everything collapses.

But the problem is you don't know where you are.

You don't know if there's another fool that's going to follow you or if you're the one stuck holding the bag.

But I think a lot of the people in the Bitcoin community

who never sell their Bitcoin, right?

Because they've been brainwashed by the people who do sell their Bitcoin, right?

That's who made up this, never sell your Bitcoin.