Schiff claims that while the bubble is unlikely to burst soon, when it does, there will be no one left to purchase Bitcoin at exorbitant prices, and speculators will lose serious money. Furthermore, he asserts that nobody truly understands what gives Bitcoin its value despite the widespread belief that it has some inherent worth more than just speculative demand.
He believes gold still has a much more reliable track record of staying power in terms of long-term investments. Unsurprisingly, Schiff's predictions have been met with widespread skepticism since they are not exactly accurate. WhileDespite discovering
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