Peter Schiff
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Appearances Over Time
Podcast Appearances
Bitcoin works the reverse.
People want Bitcoin when the price is going up because they think it'll keep going up.
When the price starts to crash, people don't want to buy.
No, it is a store of value and people are afraid of inflation, not as fearful as they should be.
I mean, I think you're going to have a lot more buying, but I think the central bank buying
is more about the U.S.
dollar and the credibility of the United States to ever get its fiscal house in order.
We have deficits that are skyrocketing out of control.
Yes.
Well, it's been a problem I was talking about before that.
I mean, this problem did not...
happen overnight.
It's been building over the decades.
It is.
Everybody keeps saying it's not a problem because it's for the long term.
Well, it is a problem.
It's been a problem and now it's a much bigger problem, but the central banks understand this.
They see that our interest on our debt is 1.2, 1.3 trillion a year.
It's growing exponentially.
The budget deficits are 2, 3 trillion a year.