A Massive Bitcoin Crash Is Coming | Peter Schiff

In this episode of The Wolf Of All Streets podcast, Peter Schiff, a prominent stockbroker and gold investor, discusses why Bitcoin and gold are so different, explains his belief that the price of gold will continue to rise, and predicts that Bitcoin will experience the biggest crash in its history. Peter Schiff: https://twitter.com/PeterSchiff ►► Sponsored by iTrust Capital Invest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital. 👉 https://bit.ly/itrust-scott ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/ ►►OKX SIGN UP FOR AN OKX TRADING ACCOUNT THEN DEPOSIT & TRADE TO UNLOCK MYSTERY BOX REWARDS OF UP TO $60,000! 👉 https://www.okx.com/join/SCOTTMELKER ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE ‘25OFF’ FOR 25% OFF WHEN VISITING MY LINK. 👉 https://tradingalpha.io/?via=scottmelker ►►NGRAVE This is the coldest hardware wallet in the world and the only one that I personally use. 👉https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd ►►NORD VPN GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets Follow Scott Melker: Twitter: https://twitter.com/scottmelker Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #Gold Timestamps: 0:00 Intro 1:22 Bitcoiners and goldbugs 2:10 Macro environment 6:10 The price of gold will increase faster than the cost of mining 6:45 iTrustCapital 7:43 Can Bitcoin replace gold? 11:10 Safe haven 13:25 Bitcoin is a risk asset 14:40 ETFs will be a big problem for Bitcoin 17:00 Big crash 20:30 Who sold Bitcoin? 22:50 RIAs 26:51 Trading Bitcoin miners 28:30 Buy Bitcoin, short Microstrategy 29:25 Inflation against gold miners 33:00 Gold speculation 34:50 60/40 Portfolio 38:10 Who buys gold 39:30 Gold on blockchain 42:20 Volatility 43:45 Dollar is a problem 48:00 US to default? 51:20 Demand for gold will increase 52:55 Gold supply 54:10 Peter Schiff & Bitcoin 56:48 Wrap up The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment. Learn more about your ad choices. Visit megaphone.fm/adchoices