“Peter Schiff: Bitcoin Is Not the Money of the Future” – The Street | $5,688.61

Last updated on October 17th, 2017 at 02:06 pm

“I believe it’s not going to succeed in delivering the monetary utility that people [expect],” Schiff said. “I do not think it’s going to be the money of the future. I think it’s the bubble of the present.”

 “I think a lot of people unfortunately, have attributed properties to Bitcoin and other cryptocurrencies that do not exist,” he said. “I think that people who are rightfully skeptical of the dollar, the euro, the yen are taking refuge in bitcoin or other cryptocurrencies and they’ve jumped from the frying pan into the fire.”

Eulogy made by Peter Schiff

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