🔴 Bitcoin: The Biggest Bubble of Them All - Ep 992

Peter Schiff - 2024-11-20

Bitcoin hits new highs; MicroStrategy's risky Bitcoin investments; Trump's impact; misallocation in crypto; China's strategic investments; UK labor rights. Download the CFO's Guide to AI and Machine Learning at netsuite.com/gold Get $10 off your first month's subscription + free shipping at nutrafol.com when you use promo code GOLD Peter Schiff critiques the hype surrounding Bitcoin and MicroStrategy's investment strategies, attributing Bitcoin's recent gains to speculative fervor tied to political promises by figures like Donald Trump and Robert Kennedy Jr. He argues that such speculative bubbles harm the economy by misallocating resources. Schiff contrasts these developments with China's strategic investments in infrastructure, which bolster their economic position. He also discusses the implications of labor laws in the UK and their potential to backfire by increasing automation and outsourcing. Schiff concludes by emphasizing the ongoing devaluation of the dollar and the risks posed by continued abandonment of the gold standard. ? Sign up for Peter's most valuable insights at schiffsovereign.com ? Free Reports & Market Updates: europac.com ? Schiff Gold News: schiffgold.com/news ? Book Store: schiffradio.com/books ? Follow Peter Schiff on Twitter: twitter.com/peterschiff ? Follow Peter Schiff on Instagram: instagram.com/peterschiff ? Follow Peter Schiff on TikTok: tiktok.com/@peterschiffofficial ? Follow Peter Schiff on Facebook: facebook.com/peterschiff 00:00 Introduction and Opening Remarks 01:38 Bitcoin's Record Highs and Market Dynamics 02:37 Trump's Influence on Bitcoin 09:16 MicroStrategy's Bitcoin Strategy 17:45 Commercial Break 19:03 Bitcoin Bubble and Market Criticism 23:40 Gold Standard and Economic Perspectives 25:49 Bitcoin vs. Gold Debate 31:22 Commercial Break 31:46 Holiday Season and Hair Health 32:00 Nutrafol: The Ultimate Hair Growth Solution 33:27 The Cost of Healthy Eating 37:39 Impact of Immigration Policies 43:29 UK's Labor Bill of Rights 57:33 Conclusion and Upcoming Events #Bitcoin #MicroStrategy #gold