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Bitcoin Is Gold 2.0: Right Or Wrong?

Bitcoin Is Gold 2.0: Right Or Wrong?

Peter Schiff says: “A lot of people are going to loose a lot of money in bitcoins, a small number of people will make a lot of money, but it will be paid for by a much greater number people who lose because they are coming at the end of the pyramid scheme. I don’t see bitcoins as an alternative to gold. It is not a modern day gold standard. If anything, they are modern-day alchemists but you can not make gold digitally. It is no better than a fiat currency.”

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