Peter Schiff

intrinsic value of the metal, what you can do with gold that you can't do with other metals or other elements.

When you separate that, the portability and divisibility are meaningless.

Because when you're dividing gold, you're dividing something.

When you're porting gold, you're porting something.

But when you divide Bitcoin, you're dividing nothing.

You're porting nothing.

You know, there's nothing there.

So the only thing that gives Bitcoin its market price, because it has a price, right?

Bitcoin, you know, Bitcoins are over $90,000 right there.

The reason that somebody is willing to pay $90,000 for a Bitcoin or $93,000 is because he thinks that in the future, somebody is going to pay more.

No.

I mean...

Yes, when you buy a stock, the idea is that the price will go up.

But it's supposed to be a function of the business having more value.

So I invest in a company.

And I think that in the future, that company is going to have more earnings than it has today.

It's going to grow its earnings.

Maybe it's going to pay a higher dividend than it pays now, or maybe it'll pay a dividend.

Maybe it doesn't even pay a dividend now, but I believe in the future it will, but it's a more mature company and earns more money.

So I'm betting on the growth of the business, the online business.