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RE: Watch Peter Schiff talking shit about cryptocurrencies
I'm still trying to wrap my head around this: the "Store Value" he is talking about around 8:07 for the US Dollar is based in the Institution that is the US Government. Wouldn't the "Store Value" of Cyrptocurrency be based in the value of the institution of the Internet - which is global? He reminds me of a University professor who is defending the value of a College degree where the same information that was once stored in the institution that is the University, is now freely shared online. And we've all seen the value of degrees essentially nose-dive over the past few decades. - And why did he keep referring to Gold? What is this pre-WWI ?