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"Peter Schiff joins the Coin Bureau Podcast for a deep dive into Bitcoin’s crash, Strategy’s risks, ETFs, leverage, and why he believes gold is set for a historic run. Nic pushes back hard with on-chain data, institutional flows, and macro trends, making this one of the most confrontational Schiff interviews yet.
Watch the full debate on Bitcoin vs Gold, Strategy, ETFs, and the future of crypto."
~ Coin Bureau
The video is a podcast discussion between Peter Schiff, Chief Economist and Global Strategist at Europacific Asset Management, and the host of the Coin Bureau podcast, focusing on Schiff's bearish outlook on Bitcoin and his long-standing bullish view on gold. Schiff outlines several reasons why he believes Bitcoin's latest slump signals a more permanent decline than previous cycles, citing increased market leverage, the presence of Bitcoin ETFs held by non-diehard speculators who will likely sell during a downturn, and the collapsing business model of "Bitcoin treasury companies" like MicroStrategy, which he suggests will eventually be forced to sell their Bitcoin. He also points to the contrasting performance of gold, which is up over 50% on the year compared to Bitcoin being down, asserting that "real gold" is outperforming "fake gold."
Schiff dismisses arguments that Bitcoin's digital scarcity and utility distinguish its value from gold. He argues that Bitcoin's scarcity is an "arbitrary construct" and a "marketing gimmick," noting that gold's properties cannot be replicated while Bitcoin competes with thousands of other tokens. He acknowledges Bitcoin's ease of portability but asserts that tokenized gold can achieve similar advantages without relying on "faith" that people will continue to value "nothing." Schiff also touches upon the massive, unsustainable US debt and the Federal Reserve's easy monetary policy, which he sees as the primary drivers of gold's sustained rally, particularly due to central bank de-dollarization efforts. He concludes that the dollar's eventual loss of reserve currency status will be beneficial for the rest of the world, while the US will be the biggest loser, leading him to invest his clients' assets in foreign markets to benefit from this global financial transition.
00:00 Intro
02:32 Why are you confident this Bitcoin slump is permanent?
12:08 Isn’t Bitcoin leverage today far lower than before the FTX collapse?
13:12 Could ETFs actually create dip-buyers?
15:12 Are the Bitcoin treasury firms really at liquidation risk?
19:28 How do you respond to the argument that Bitcoin has digital scarcity?
26:11 Doesn’t Bitcoin’s portability give it a real advantage over gold?
32:04 Why do you say MicroStrategy operates like a Ponzi?
37:30 Gold is up 50% YTD — is this sustainable?
40:16 Is There a Hidden Central Bank Bid (Especially From China) for Gold?
45:58 When Does Gold Become Overvalued or Bubbly in Dollar Terms?
48:10 Could a Surprise Fed Decision Trigger a Short-Term Gold Pullback?
51:06 Will the US Dollar Lose Its Global Reserve Currency Status?
54:10 How Did You Become Such a Long-Term Gold Bull?
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=EuwOU1GKJfY
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
