⚔️ CZ vs Peter Schiff: Key Points
🥇 Peter Schiff
➡️ Bitcoin has no real utility and is entirely dependent on buyers' trust
➡️ BTC is pure speculation as people hope for price increases, not practical use
➡️ Gold has industrial, financial, and jewelry demand and is needed by banks and governments
➡️ Gold is digitized to retain digital benefits while preserving the value of the metal
➡️ BTC has decreased about 40% compared to gold in the past 4 years
➡️ If large holders withdraw, buyers will not appear and the market will collapse
➡️ BTC's growth comes from marketing, ETFs, and hype
💸 CZ
➡️ Value can be as illusory as the internet or social media
➡️ Bitcoin is used daily for payments, storage, and transferring money at faster speeds and lower costs than banks
➡️ Blockchain provides transparency, global access, and no intermediaries
➡️ Bitcoin is the largest and most secure network with a massive user base
➡️ BTC is the next generation of currency and naturally fits the digital economy
➡️ Speculation exists in every market and does not eliminate fundamental value
➡️ Bitcoin supply is capped at 21 million while the actual amount of gold on Earth is undefined.
$XNY
$RIVER
