Schiff knows he would be living his life is obscurity if he weren’t so well known as the “anti-bitcoin guy”. So he keeps it up, knowing very well the flaws in his own arguments.
Yes. If one looks at buying bitcoin as just a way to preserve the purchasing power of one’s savings, outside of the central banking system, it works well. And you are buying this preservation with a free deep out of the money put option on your local currency.
It is ironic that those investors, in times of uncertainty, are selling an asset with such a certain supply, for their local currencies that have such an uncertain supply.
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