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Peter Schiff has been a singing opponent of Bitcoin, but in an interview with Kitco Information on Wednesday, he stated there is a type of cryptocurrency that he can possibly sustain.
The chief market planner of Euro Pacific Asset Management told Kitco News that a "genuine" cryptocurrency is a gold-backed token that might change fiat currencies in utility.
0:00 – Why is Peter Schiff's child purchased Bitcoin?
4:46 – Individuals that have altered their minds on Bitcoin
9:00 – Gold vs. Bitcoin
11:14 – "The only cryptocurrencies that would make good sense"
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Peter Schiff says this is the only cryptocurrency that makes sense (Pt. 2/2)
Watch part 1 of the interview: https://youtu.be/Qdcqj_OKUfQ
Peter Schiff has been a vocal opponent of Bitcoin, but in an interview with Kitco News on Wednesday, he said there is a form of cryptocurrency that he could potentially support.
The chief market strategist of Euro Pacific Asset Management told Kitco News that a “legitimate” cryptocurrency is a gold-backed token that could replace fiat currencies in utility.
0:00 - Why is Peter Schiff's son invested in Bitcoin?
4:46 - People who have changed their minds on Bitcoin
9:00 - Gold vs. Bitcoin
11:14 - "The only cryptocurrencies that would make sense"
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
