Gold vs. Bitcoin: Another Fiery Debate
Peter Schiff, Michael Oliver, and Yours Truly Clash. Your Sunday thought piece
As your Sunday morning thought piece this week, I thought I’d post this debate between Peter Schiff, Michael Oliver and Yours Truly, which took place earlier in the week.
It got quite heated in places - and I have been told off by a friend for being to aggy in the first section - but hopefully there is still plenty to both enjoy and learn.
Peter, as ever, hates bitcoin. Michael is bearish. Yours Truly thinks there is room for both gold and bitcoin in our portfolios - why you have to choose one or the other is beyond me.
My thanks go to Simon Catt and Peter Gadsdon and the Mining Journal for organising it.
Anyway, enjoy!
Typo in the thumbnail alert!!
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BTC - Great idea originally... but now captured by the usual suspects.
Great debate Dominic. Well done for sticking to your guns and showing some passion. I didn't think you were rude at all. What you said needed saying. Peter Schiff is the classic doom-monger. Very negative and a bit of a know it all. The trouble with Bitcoin is it is like marmite. You either love it or hate it. Personally I think it is here to stay. I consider it to be digital gold. I invest in both Bitcoin and gold. Bitcoin has outperformed every other asset class since 2007 by a country mile. Even if you only invested 5% of your investable assets into it, it would increase your overall wealth dramatically. Very volatile though. Certainly not for widow and orphans.