/biz/ - Business & Finance

>>27826336
It's me, Peter Schiff, and let me tell you something, the government doesn't have any money, it only has what it takes from the private sector, which can be done with taxation but also with inflation, which is essentially a tax on savings, you can protect yourself from that tax by buying GOLD and SILVER, not with bitcoin because bitcoin doesn't have any value, you can't do anything with bitcoin and it's going to collapse, it will make fiat money look good in comparison

https://www.youtube.com/watch?v=eM009xjtyUE
>weimar germany
>gold often crashed in nominal terms
This problem will only be bigger with bitcoin. Higher cost of living will force speculators to sell, raising interest rates would crash bitcoin as well. Bitcoin could go to a billion and most speculators would still get wiped out, especially if the government goes after exchanges.