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“Bitcoin Prices Are Headed to $0.00: Peter Schiff” – The Street | $15,374.30

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Investors are drunk on the Kool-Aid that is bitcoin, according to veteran market forecaster Peter Schiff, CEO of Euro Pacific Capital.
“Ultimately, I think bitcoin has really no value,” said Peter Schiff, CEO of Euro Pacific Capital. “In the market, it has plenty of value. As long as there’s buying, there’s value. But when the buying goes away, so does the value.”

Eulogy made by Peter Schiff

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Zsofia takes care of our readers’ questions. Zsofia started mining Bitcoin, then some altcoins with the available AMD GPUs together with her brother. Although her mining activity has stopped by now her passion for blockchain technology and cryptocurrencies remains.

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1 comments on ““Bitcoin Prices Are Headed to $0.00: Peter Schiff” – The Street | $15,374.30”

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  1. As a follow-up. Peter Schiff’s mind on this won’t change. Maybe not until Euro Pacific Bank goes bankrupt. He believes that Bitcoin skipped a step that even Fiat money, at first, did not. Which is being pegged to a commodity such as gold. As he expects even value of Fiat money to go to zero unless they peg back to gold, but not before Bitcoin.

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