Gold bull Peter Schiff:

Iravan774

Gold bull Peter Schiff: Bitcoin holders only want "arbitrage" without "preservation of value"

Cryptocurrency and blockchain industry insiders often view Bitcoin as a means of value storage or a tool for wealth preservation, commonly compared to "gold." However, according to Peter Schiff:

People buying Bitcoin are not seeking stability or maintaining purchasing power. Those who have talked to me about Bitcoin almost all believe that Bitcoin will skyrocket to $50,000, $100,000, or even $1 million.

According to foreign media statistics, Bitcoin has spent as much as 89% of its lifecycle in a profitable state since its inception. Given this, does this make the subconscious of Bitcoin holders only focused on the word "profit"?

In recent years, many industry leaders often make predictions about the price trends of Bitcoin. Regarding this, Peter Schiff says, "They really think that Bitcoin will make them rich overnight." He goes on to explain:

Someone like me wouldn't proclaim to the world and tell people, "Just holding gold can make you rich." In fact, gold can only protect them from bankruptcy. Because while others are losing these fortunes, they have preserved their wealth in gold.

Niti998

It's all about making money, isn't it?

Isha000

Arbitrage might come quickly; who doesn't want to make money right away?

Sona59

It's not easy to achieve profitability.