Great Depression Coming & Bitcoin Going To $0 or $1 Million?

Great Depression Coming & Bitcoin Going To $0 or $1 Million? - Peter Schiff vs Raoul Paul Debate

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Күн бұрын

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We can agree we are in a time of transition, so what is the next best move?
In today’s episode of Impact Theory, we’ve got a hot debate between economists and investing experts Raoul Pal and Peter Schiff as we discuss Bitcoin and the future of the economy.
Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and his insights into the current recession, global economy, and volatile markets are well respected.
Peter Schiff is a seasoned Wall Street prognosticator known for his spot on predictions of the stock market performance, including gold, commodities, and the mighty dollar.
In this debate, we’re touching on:
- Value vs. price
- Potential currency collapse and its effects
- Bitcoin's allure and the comparison with gold standard
- Market impact predictions of the 2024 election
- AI's potential to alleviate economic problems
- Differing ways to prepare for hyperinflation or financial repression
- Asset value in a volatile market
- The growing national debt and potential hyperinflation
- Historical patterns of financial repression
- Blockchain technology and digital asset utilization
- The future of Social Security
This episode is a must watch for anyone who wants to look deep into the debates between gold and digital assets, investment strategies amid economic uncertainty, and the possibility of a great depression.
Chapter Markers:
[0:00] Let’s Agree on the Problem
[32:58] Digital vs. Physical Assets
[1:04:02] Eroding Value of Bitcoin
[1:56:55] What About the National Debt?
[2:07:19] Impact of AI and Robots on Economy
[2:37:17] Ideas Causing the Underlying Problem
Powerful Insights From the Debate:
“Instead of taking your money by taxing you openly and directly or even indirectly through a sales tax, [the government] surreptitiously robs you of your purchasing power by just creating money out of thin air, usually with a complicit central bank."
- Peter Schiff
"I've always liked gold, but gold has not done particularly well in recent years. Against debasement on a globalized basis, it still works beautifully well as a global currency, and against global debasement over time. It works. But the really strong debasement we've been having in recent years, it just hasn't done well enough"
- Raoul Pal
"So I think people who are getting out of the dollar or the euro and buying bitcoin have jumped out of the frying pan into the fire."
- Peter Schiff
"What's harder is to say, what the hell does an economy mean after 2030, when you've got endless AI and robots and AGI? What what value do you provide in that world?"
- Raoul Pal
"Because the free market is trying to lower prices by increasing productivity, the government is raising them by creating inflation. And so it's a dance. But to the extent that we can have a huge surge in productivity that's driven by AI or robotics or a combination of the two, that's actually a good thing."
- Peter Schiff
“And I just urge all of us to just make sure that we don't get obsessed by our own mental models, because they will change, and the world changes. And sometimes we can be dead wrong, and sometimes we can be dead right."
- Raoul Pal
"Our ability to stimulate with QE, with inflation is predicated on the false belief that the fed could shrink the balance sheet, withdraw the liquidity, normalize interest rates, we can pay off the debt. When the markets come to the unfortunate realization that that's not true, then the bottom drops out and we can't kick the can down the road anymore because there's no more road."
- Peter Schiff
Follow Raoul Pal:
Website: www.realvision.com/
Twitter: / raoulgmi
LinkedIn: / raoul-pal-real-vision
KZfaq: www.youtube.com/@RealVisionFi...
Follow Peter Schiff:
Website: www.schiffsovereign.com/
Podcast: schiffradio.com/
X: / peterschiff
KZfaq: www.youtube.com/@peterschiff/...
Follow Me, Tom Bilyeu:
Website: impacttheoryuniversity.com/
X: / tombilyeu
Instagram: / tombilyeu
If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: dexa.ai/tombilyeu
Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships

Пікірлер: 13 000

@cryptowolf-zf3fs 2 ай бұрын

I love Both! Bitcoin and Gold (some silver too) Take profit from Bitcoin and buy a little gold as backup. Get some land too if the taxes are reasonable. Its best to have several piles of profitable stuff.

@weekend_warrior_podcast 2 ай бұрын

You just solved this three hour conversation! Haha agreed

@immigrantsagainstimmigrati2557 2 ай бұрын

You are the only reasonable person here!

@ArrestYourAddiction 2 ай бұрын

The 5 G's + 1 B = gold guns ground grub gas plus bitcoin.

@OGCrypto33 2 ай бұрын

Exactly, its called not putting all your eggs into one basket.

@The-Dirty-Straw 2 ай бұрын

For real. I dont trust Bitcoin as a store of value long. If you need that in a few years, the volatility is too much. This bubble will pop when the dollar spikes and hodlers need cash to pay for things

@MickyGlover 7 сағат бұрын

The yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k

@Vivienedouglass 7 сағат бұрын

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@GaryNicka 7 сағат бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@Jamesjerome0 7 сағат бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

@GaryNicka 6 сағат бұрын

Actually its a Lady. Yes my go to person is a ‘MICHELE KATHERINE SINGH '. So easy and compassionate Lady. You should take a look at her work.

@Jamesjerome0 6 сағат бұрын

Thank you for this amazing tip. I just looked the name up and wrote her up, to schedule a call. many thanks

@user-sb6po3yj7d 3 күн бұрын

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it. Investing is a long-term game. It's just hard to focus on the long term playbook when I'm already in a massive loss.

@AstaKristjan 3 күн бұрын

Stay strong, the "S/P 500 grows 10% on average per year" is just that.... an average. So itll be -20% some years +30% the next.

@Andrian-ch3on 3 күн бұрын

I for one I'm not happy about the inflation anymore: Central Banks with the U.S. Federal Reserve should be held accountable. It suprises me when I hear people say they're in profit even when the entire stock market index has lost over 20%. And I'm moved to ask, what do people do?

@Erinmills98 3 күн бұрын

Tho I have some experience with investing, the smartest move is finding a financial advisro with the right skills and exposure in your area of interst (stock). I and husband are doing pretty well with that. It's been a good ride.

@Andrian-ch3on 3 күн бұрын

I've thought about finding an adviser but've been quite unsure if it was the right step for a noob. with this, I'm more convinced and I think I'm a step closer towards finding one. my next problem now is, how do I reahc one.... I see some on CNBC but I don't know them that mch... Do you mind if I asked the particular adviser assisting you?

@Erinmills98 3 күн бұрын

You may Know Kristin Amy Rose but If don't, do look her up. She's been my ad-visor for the most part and it's been a smooth ride.

@oscargamer3982 7 күн бұрын

I expect AMS59K to over take ethereum in market cap in 2 cycles

@BenjaminMcLeod815 4 күн бұрын

I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I just here for ideas

@Scottlong267 4 күн бұрын

its best you look for an FA for smarter investment decisions

@Thomasbonner752 4 күн бұрын

The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter

@PhilipMurray251 4 күн бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@Thomasbonner752 4 күн бұрын

Amber Kay Wright is her name. sub the web for her

@PhilipMurray251 4 күн бұрын

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

@matthew1106 Ай бұрын

This is the best example of a moderator in a debate I've seen in a LONG time. Wow. Almost fully impartial, kept them on topic, did recaps, forced them to define their mindset and why they thought that. The moderator was the MVP of this debate IMO.

@themetamentors Ай бұрын

When I’m looking for ‘em partial / moderator. Tom Bilyeu is cream of the crop!! Love it!

@huntncover Ай бұрын

What was needed was sorely lacking - someone to tell them that they're both wrong . The rich man's game is coming to an end . That's why all of the big hitters are selling their stocks in their own companies , and why they have built and are ready to go into their underground bunkers . They know what's coming because they planned it all , and they know it's not going to be pretty . Especially for those on the surface , where they don't intend to be .

@billdyer4243 Ай бұрын

Yes great job

@jerrudhirschey7479 Ай бұрын

Tom to moderate presidential debates!

@david.morebau Ай бұрын

Agree 100%

@brandonjustes947 Ай бұрын

Reminder to self, come back in 10 years and re-watch.

@metapresentations8918 Ай бұрын

When you watch this in 2034 Peter Schiff will seem like the prophet who knew everything. Raoul will be an example of the delusion that was pervasive.

@Passerby8822 Ай бұрын

there will be no "10 years"; it's all going to be over in 3-6 years "ALL-- EVERYTHING" !!

@chrismale9976 Ай бұрын

@@metapresentations8918😂😂wake up ffs bitcoin gona wreck him as it has for 15 years

@hamradiocq Ай бұрын

Bitcoin 2.7million dollars, gold 5500

@kengaroo5170 Ай бұрын

Central Banks can use governments to sanction Bitcoin when the CBDC comes out. The same is true with gold or silver. Still, China, Russia, India, etc. have been stock piling gold for over a decade.

@rociolovio6545 7 күн бұрын

As usual, great job. Please do a deep dive on AMS59K. I recently invested as I believe in the project, but would love to know even more.

@JamieClemenger-ze5pt 10 күн бұрын

My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? Really need some urgent advice

@JulioIbanez-mb4il 10 күн бұрын

Keeping up with news sources like CNBC could help out Just buy when prices are low and sell when prices rise

@PhilDurham-gw8qd 10 күн бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. Over the years, Ive been able to achieve a level of financial growth that I never thought possible, by just partnering with seasoned traders and financial advisors. This method remains highly efficient even till today

@ArmandoMelaj-et4pi 10 күн бұрын

JodyNorman has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets.

@FilipShekh 10 күн бұрын

Yeah. Jody's strategy is one of the most effective among other experts. Many others are not dependable.

@ArmandoMelaj-et4pi 10 күн бұрын

I highly recommend her if you want excellent collaboration.

@jameswells0327 Ай бұрын

What we really need is to get Peter Schiff and Michael Saylor in the same room!

@axejokertv5336 Ай бұрын

"People who use gold as a store of value,we call them poor" 🤣

@FIX-IT-Yourself Ай бұрын

That will never happen. Saylor will never debate Peter Schiff because he has too much invested in $hitCOIN and knows full well that Peter is more than capable of instilling his greatest fear and more than the small amount of doubt required to SCHIFFt the HODL (Hold On for Dear Life) mentality to RYL (Run for Your Life). GET OUT WHILE YOU STILL CAN. $hitCOIN is the 2nd biggest ponzi in history, second only to the largest ever ponzi scheme currently being run by the US Government with the aid of the Federal Reserve.

@russbilderback Ай бұрын

Schiff doesn't belong in a room with Saylor, and Michael probably wouldn't waste his time with Schiff.

@FIX-IT-Yourself Ай бұрын

@@russbilderback YOU'RE ABSOLUTELY RIGHT!!!! Saylor doesn't belong in a room with Schiff he belongs in a prison cell. The amount of people he advocates should invest all their money into $HITCOIN is criminal. A lot of people, including you obviously and every other HODLer, will unfortunately be left holding a digital wallet 'full of nothing' when the 'whale pumpers' like Saylor head for the exits, culminating in a huge transfer of wealth from the foolish greedy delusional (getting in at the elevated price levels) to the cunning and nefarious who will decide the best opportunity to exit this massive ponzi scheme. Good luck to you and all the others who freely participate in this 2nd largest ponzi scheme, second only to the largest ponzi scheme currently being run by the US Government and the Federal Reserve. Don't say you haven't been warned or cry to the government for regulation. No one should take pity or have any sympathy for anyone who gets burned playing with fire.

@aries6776 Ай бұрын

Why? Schiff would just embarrass himself even more with his anti-bitcoin mania. BTC is overtaking silver shortly in market cap and in a couple of years I think it will have surpassed gold too.

@francoiscadieux738 2 ай бұрын

Peter Schiff's 480p camera shows where is the best store of value.

@reallyshel 2 ай бұрын

Lmao the same old logitech

@squishyplums2415 2 ай бұрын

Peter's investments have tanked so much he can only afford a 480p camera.

@crochetninja5752 2 ай бұрын

😂

@thatmatty231guy 2 ай бұрын

@@squishyplums2415 💀💀

@ravenkhoury 2 ай бұрын

240p barely

@ambertraceyy 25 күн бұрын

Please buy Bitcoin and don’t listen to Peter, if you can though. He's just too stubborn as a mule. I regret not following my instinct and bought bitcoin some months ago when its price was between $20k and $25k because i listened to Peter. It's quite devastating now.

@fredm1 25 күн бұрын

This is why I only take advices from my advsor for good entry and exit points on any buys. Best decision yet.

@josephbush 25 күн бұрын

Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

@debwes1 25 күн бұрын

@josephbush May I know the name of the advsor who has been assisting you, please?

@debwes1 25 күн бұрын

Thanks for this. Found her and looked through her credentials before contacting her. Once again many thanks.

@keithbellair9508 24 күн бұрын

Shitcoin is all hype.. there is no predicting it.. it relies on hype and propaganda to go up..

@MaxWell-pp9zs 13 күн бұрын

should have titled this the clash of economic titans. Passive Bitcoin investments rely on momentum, simple, yet often misunderstood. No free lunch in finances. 5k in doge made me half a million after taxes, i threw that into futures now holding over $4m in de-fi assets

@Joe900-px3nt 13 күн бұрын

you simply lucked out

@MaxWell-pp9zs 13 күн бұрын

ill credit that to my research that led me to emily ava milligan, a top fund manager rather than luck. 500k to where i'm at is impossible without skill

@SaraNisha-fw4uk 13 күн бұрын

Its interesting how similar our experiences are. I pulled in 450 grand last month, thanks to my fund manager. I also use gold as a hedge against surprises, I'm on both teams. It's encouraging when i see others make tangible results

@MaxWell-pp9zs 13 күн бұрын

same here, the true worth of a capable fund manager should be evident from their performance within the first few months. It's wonderful to have a community like this, delving into these topics

@MichaelJaw-hv9uu 13 күн бұрын

its encouraging when i come across real life examples of success with crypto and finance in general. your experiences deserve to be highlighted

@TomBilyeu 2 ай бұрын

WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!

@atheplummer 2 ай бұрын

@TomBilyeu I'd really love to see this exact presentation with Raul Paul and Richard Heart... It won't be the whole gold vs. BTC... The reality is, one is physical & the other is digital & nothing more than a win/lose proposition between buying & selling. Richard Heart will bring new information to the table in that he's figured out how to improve use as a currency, how to invest your asset to earn more of the asset (without wasting electricity in mining), & has both inflationary and deflationary properties. Heart uses the BTC model, but improves it for everyone.

@Ackermanmedia 2 ай бұрын

This is another ABSOLUTE red flag this is a scam all over the world. If Raoul truly believed in this phantom "asset" he would debate me.

@Infinitemoneycoin 2 ай бұрын

What was their opinion on Shiba inu

@TechnologyBuzz3000 2 ай бұрын

Thanks for this debate Tom!

@anthothiyahisrael422 2 ай бұрын

Watch out for the temple in Jerusalem. It will put silver coin over the top.

@AndreiJikh 2 ай бұрын

Dude this was so good - I watched every minute. I have way more questions than answers

@LucyDarlington 2 ай бұрын

And your channel is great too, every minute of it. That said they never mentioned about confiscability of gold as was done several times in the past. In essence, Bitcoin is about Property Rights. For example, during WWII the nazi government looted over $200 million in gold from the Jews (which equates approximately to over $4 Billion in 2020 currency) to finance their wars to acquire more land. Because someone (or a government) can just kill you to take your gold. But today with Bitcoin (aka “digital gold”) they can still kill you but they cannot get the bitcoin(s) as easily as gold.

@moneroai 2 ай бұрын

Yeah I loved that finally we can get two people that disagree with each other instead of it always being one side. Wished they mentioned monero though lol.

@candycaneunicorn8024 2 ай бұрын

Oh look the guy with the annoying voice.

@hunterhemingway 2 ай бұрын

@@candycaneunicorn8024meany head. Andrei your voice is mid. Goldilocks zone. You’ll be okay ♥️

@jconn1111 2 ай бұрын

Ask the question of what is real and what will feed your family.

@richardhaysom 26 күн бұрын

This was one of the most fascinating debates I have ever listened to. I am seventy years old and have been self employed since my late twenties. I appreciated both sides of the discussion and the moderator did a fantastic job in controlling the debate and expressing his own views. I think it’s fair to say that this debate reflected generational differences which added to the interest. I totally "got" Peter Schiff's perspective because his is the rationalization that I have grown up with. However, I was intrigued by Raoul Pal's perspective and actually found it inspirational, and perhaps that is what is needed in this world right now more than anything else. Congratulations to you three gentlemen, you all did yourselves proud!

@investoroncoke 25 күн бұрын

They are both full of it. Bitcoin is a speculation product and a poor means of exchange Gold is a commodity and store of value but mostly propped up by peoples egos. Raoul exposed himself when he said the point he backs bitcoin is his ability to make money from it.. Dollars. It all comes back to making dollars - the real means of exchange. Both speakers have an agenda and bias, thanking them for that is foolish. Sorry, just being honest

@bradshawlitigation5544 21 күн бұрын

@@investoroncoke And you're on coke, so we should definitely value your opinion.

@bradshawlitigation5544 21 күн бұрын

Agreed. Great discussion on the issues.

@keystonefreebordcrew1482 17 күн бұрын

Really? I went in open minded, and was very Disappointed at what peter said his argument was very loose and he made paul raul's point for him many times. Peter needs to do his homework and actually come up with valid arguments. Using his watch as an example of how gold has value and Bitcoin doesn't has to be the dumbest thing I've ever heard.He proved that gold is not much different from Bitcoin.

@keystonefreebordcrew1482 17 күн бұрын

Nobody Mentions The fact that if gold at some point is able to be created from other Materials, then the price of gold will dump like Crazy.Because the supply goes way up and it will become worthless.That's the biggest thing I think about when you compare the two. They aren't much different.

@Celikmanzerrin 17 күн бұрын

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

@GeraldLoftin822 17 күн бұрын

I'd recommend Sam Deymon as the ideal finacial adviser to use.

@GeraldLoftin822 17 күн бұрын

He's TE LEG RAM....

@GeraldLoftin822 17 күн бұрын

@samdeymon53 💯..that's it = 4 advise..

@OumarHajar 17 күн бұрын

Cant thank Mr Sam Deymon enough $538,650.00!

@OumarHajar 17 күн бұрын

Great content for the best person thanks for your sharing raod

@warlordwillie422 2 ай бұрын

We need a Michael Saylor debate with Peter Schiff!

@mbrum3230 2 ай бұрын

And whats he gonna say?

@deepshallows 2 ай бұрын

Not gonna happen. Waste of his time

@BradKwfc 2 ай бұрын

Saylor....😅

@Addzaye 2 ай бұрын

MS would destroy him

@A.I.- 2 ай бұрын

Michael "Trust me bro" Saylor

@frankscott1708 Ай бұрын

Despite Peter & Raoul being so close in age, I can't help but notice how they embody the thought patterns and conversational styles of their respective generations. Peter is pretty solidly a Baby Boomer in strength of conviction and emphasis on values and continuity. Meanwhile Raoul is classic Gen-Xer, introducing a lot of space for uncertainty, self-critiquing and investigating the implicit biases of the different economic narratives.

@rhynojosh Ай бұрын

Underrated comment

@etishbite456 Ай бұрын

Raoul is more versatile better mind.

@nick-oi1xf Ай бұрын

Great observation

@alexpapaefthimiou1282 Ай бұрын

It seemed like Schiff didn't have enough respect for the younger generation. A few comments were really dismissive.

@MarkMark-ji6ts Ай бұрын

I'm Gen-X Bitcoin is an open source algorithm with 20K permutations. Good luck betting your future financial health buying bitcoin at 40K+ USD I prefer income producing equities, property and some cash.

@latenines 7 күн бұрын

Hey Peter, if Bitcoin is such a bad asset, why is there a "Pay with Cryptocurrency" button on your website?

@alessandromorris3583 27 күн бұрын

There is a generational issue here. Truth is, Bitcoin itself is the gateway to what the digital future will be. It's easy for Trad-fi to make a case against bitcoin while ignoring the fact that the real disruption is blockchain. Bitcoin and the word crypto are just unfortunate names that people without the understanding can get distracted. What is considered "real thing " is not going to be the same when blockchain becomes the source of truth. It's a good debate and hats off to RP for keeping his composure.

@hubblebublumbubwub5215 19 күн бұрын

What are you actually saying? If it's a gateway, doesn't that just make it disposable when a new better thing comes around?

@air-ren 13 күн бұрын

not sure what that other comment is yapping about but agreed. Peter simply doesn’t fathom the digital frontier and its impact/“value” it will have and already has on generations today and to come. pffttt oh well

@hubblebublumbubwub5215 12 күн бұрын

@@air-ren Impact and value are two completely different things.

@air-ren 12 күн бұрын

@@hubblebublumbubwub5215 buddy, you’re still not providing a point. you’re just talking

@hubblebublumbubwub5215 12 күн бұрын

@@air-ren That's the most hypocritical thing I've ever read.

@enginestarter664 2 ай бұрын

"What would have to happen for you to reverse your opinion" was the best question ever.

@blakelwhitney 2 ай бұрын

too bad neither answered it. nothing will convince peter to change. honestly i wouldn't be surprised if he's secretly hedging his own bets with bitcoin.

@taxationistheft711 2 ай бұрын

@@blakelwhitney He has been accepting btc for payment of gold since the early days. Hmmmmm

@muntkins 2 ай бұрын

@@blakelwhitneyyou hit the nail on the head… he would never publicly admit such thing

@trinitylove8535 2 ай бұрын

💯

@blakelwhitney 2 ай бұрын

@@muntkins any sound investor would diversify into the new asset class just in case.

@Carmelia630 2 сағат бұрын

Sir I have one question, everytime I buy low and sell high I should be making more money right? But my wallet becomes less and less, why is this?

@LuisCortezChapin 25 күн бұрын

Hope to see more of these debates, thank you Tom.

@animismusworks6237 2 ай бұрын

For those who believe, no proof is necessary. For those who do not believe, no proof is possible.

@helenkessler6012 2 ай бұрын

You just described the mass deformation being forced on societies. Just a vapor.

@HerrschmannNachmann 2 ай бұрын

well, if those who believe will be proven wrong I am not so sure if they agree to your statement

@karriemsharief 2 ай бұрын

For those who believe, there’s room for disbelief. For those who know, there’s no room for belief.

@megbride5645 2 ай бұрын

Exactly

@anthonyprice3353 2 ай бұрын

200 million users of bitcoin currently. It's called consensus. It could also be called proof. Depends on what your measure of proof is. Perhaps after this bull market where the residual users have doubled to 400 million?

@alicegomez7232 Ай бұрын

Given the approval of several Bitcoin ETFs, I'm cautious about FOMO and the potential of a tulip mania scenario. What are the most effective strategies to invest $500k in crypto for maximizing profits in the next 9 months?

@lucasanderson8993 Ай бұрын

Profits hinge on capital; it's recommended to engage with a genuine market strategist to prevent errors and sustain consistent gains.

@tommychestnut5335 Ай бұрын

True. This is why I work with an investment advlsor. I currently have $690k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures for this year.

@wellsHannahh Ай бұрын

May I know the name of the advsor who has been assisting you, please?

@tommychestnut5335 Ай бұрын

Heather Lee Larioni… that’s my advisor’s name. Thank me later.

@wellsHannahh Ай бұрын

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call

@jackgoldman1 14 күн бұрын

Well done excellent debate. The winners were Raul Paul, Peter Schiff, and all of us.

@puretruth6379 2 ай бұрын

Peter Schiff says, " Bitcoin is 60K, but it was 60K 2 years ago." Gold was $2000 in 2010, 14 years later, it finally broke above it. Did he forget?

@pesh909 2 ай бұрын

*btc currently 72k

@American_Kneeler 2 ай бұрын

He probably forgot about his stock market crash predictions for the past 15 years as well haha.

@RR-jj1ee 2 ай бұрын

Did it also go down over 70% in that time?

@big_red_machine3547 2 ай бұрын

He’s a moron who doesn’t even understand how and why bitcoin has value. No clue

@gigglesinside 2 ай бұрын

He also said BTC was going to zero when it was 3k 😂

@jerelrobinson3762 Ай бұрын

long story short.. people just need to realize that we as human beings as a collective are the ones that assign value to anything. That this done through supply and demand, scarcity and abundance.

@carlosrivera-tc3zv Ай бұрын

Well said, We put price on rocks (diamond)metal(gold) and is all about supply and demand. Basic economics. $ is paper, the more we print, it worth less. Go back to history, Greece and Rome. look at what happened then and now with the Fiat currency. People collectively can make the difference (GAMESTOP), not only the "big shoots"....

@user-fb7jr2fb1q Ай бұрын

I don’t think the value of anything is determined collectively, but rather on an individual basis according to the need of the individual. Only you can decide what you can or can’t live without. When all things are scarce, the collective is not relevant, to the survival of the individual.

@phantomcharger568 Ай бұрын

Actually I'd say the real value of something is determined by what it cost to replace it. Bitcoin has no value other then what people think/say it's worth, gold cost man power, diesel, equipment, repairs, land and taxes paid on it to replace this real asset. (And even with that, there's still a finite amount of it in the ground) You can do literally nothing with digital tokens other then trade them, they have no real/actual value, but unlike other assets they do hog up a lot of real world electric and computing power. I would also add gold= money for 5k years Bitcoin= money for what, 10- 15 years? Yeah, no, sounds like a fad to me.

@Basic-Reviews Ай бұрын

@@phantomcharger568it actually costs a lot of money and computing power to generate Bitcoin, it’s not like you blow a balloon and woala you got Bitcoin, doesn’t work like that.

@oklufbokluf2839 20 күн бұрын

wow dis is a disscussion what i want t see. Neu channel found. love you! Bought m first btc and altcoins. im hyped. learning and research is my new daily goal. First Question: witch presale shall i buy?

@stuartflaugher8350 11 күн бұрын

And what happens when there's no Bitcoin to mind and what happens to all the miners and the secure network?

@dustinbowers8688 Ай бұрын

How did no one bring up the fact that GOLD went from $1,750+/- in 2012 down to $1,000+/- in 2015? Gold is also a volatile asset also.

@anotherperspective5682 Ай бұрын

It's true, it's just the difference in volatility is vastly different. Gold had a traditional technical correction after a 600% run between 2001 and 2011. Losing less then 50% after a 600% gain is actually really impressive, I mean for a precious metals.

@Re-Loadz Ай бұрын

nailed it.

@KingKong-li2lg Ай бұрын

Central Banks had to beat it down so they could LOAD THE F UP!

@jobuhayes8767 Ай бұрын

What happens to the value of bitcoin if computer people create several other digital currencies with a finite number of units?

@smirking8457 Ай бұрын

@@jobuhayes8767Nothing - because BTC is network dependent - as all value structures are

@silverlion5384 Ай бұрын

Mr. Schiff. 30:39 Gold is not the best conductor of electricity, SILVER is the best conductor of electricity; followed by copper then Gold. Gold is # 3. Silver is a strategic Metal used in industry, military weapons solar panels, cell phones, electric vehicles, computers, televisions, mirrors, medical equipment. The mining ratio is 7 to 1 . The purchase ratio is about 85 to 1. Silver is massively undervalued.

@brendand1937 Ай бұрын

100% silver stacking dwarves both arguments

@MannElite 19 күн бұрын

I don't think this is true. I think Gold is the best conductor. Why would they use gold for PCB components if silver is better and 80x cheaper? Same with cables, like high quality audio cables for example are gold plated, and marketed as gold plated for superior conductivity and less loss of the audio signal. Also, silver cables would tarnish over time, and again I'm not like a scientist so maybe I'm wrong, but it would seem like as the silver tarnishes it would be come worse and worse at conducting, where as gold doesn't tarnish.

@hubblebublumbubwub5215 19 күн бұрын

He likes silver as well, though he way over-emphasizes gold.

@Gold_Silver. 18 күн бұрын

Silver demand for solar and EV’s 📈

@jeromedenis4754 16 күн бұрын

Gold is pavement in heaven. It's just a mineral, a rock, a metal that's pretty.

@rodneymyers6728 12 күн бұрын

Really great debate. Enjoyed the debate format and the mutual respect both sides showed one another while making sure to get their voice heard! Thank you very much.

@Wavetheory85 7 күн бұрын

I’m glad to see two of the KZfaq financial titans going at it. I’ve been listening to both Raul Paul and Schiff on a weekly basis since 2017 and my first bitcoin purchase back in 2014 but was only for the purposes of online poker until 2017. Both are very good. I’m more aligned with Schiff’s views. Elliot Wave is the key.

@ProfRogers 2 ай бұрын

Speaking as someone who has watched financial interviews for a decade. This is one of the best interviews I have seen with 2 of the greatest financial minds and a great host.

@tramac 2 ай бұрын

Lol. How can you say that. This Peter guy is a complete idiot. Lack of intelligence.

@galeru 2 ай бұрын

I don't know man. This peter schiff guy is a clown. There are way better arguments against bitcoin if you go through the letters sent to SEC to object the ETF approval. Things like how it's centralized in terms of miners, threat of quantum computing etc. Entertaining to watch tho.

@johnnygringo2239 2 ай бұрын

schiff doesn't have a clue what he is talking about.

@av-tv. 2 ай бұрын

i agree, superb interview.

@jaimeaguirre4424 2 ай бұрын

a decade of experience and this is one of the best interviews... BRUH... Peter is a joke.

@michaelchin3550 Ай бұрын

Both Peter and Raoul are very smart dudes. Excellent video. I really appreciate both viewpoints.

@Weldeborn Ай бұрын

Totally agree. I have a little bit of both gold, silver and bitcoin. I would love to see Bitcoin succeed, but it still has some way to go. Needs to be more stable to be able to use it really

@aries6776 Ай бұрын

Raoul is smart.... the other guy is just a dinosaur that will be extinct soon.

@michaelchin3550 Ай бұрын

@@aries6776 I guess you did not listen to the whole debate. Buy a beer with Bitcoin. LOL

@MoisesDelJesus Ай бұрын

@@michaelchin3550 No, Neon. what i'm telling you is that one day, you won't have too

@aries6776 Ай бұрын

@@michaelchin3550 lol I couldn't listen to any more of his anti-bitcoin BS and switched off. EDIT: Yes QE is evil, was that the underlying point? We've known this for 2 thousand years! So many civilizations have run into this issue. They devalue their currency and their empires collapse. Which is why bitcoin is the solution. He's still arguing for gold vs bitcoin right up to the end! He's just a dinosaur who will be poorer than someone who moved their same capital from gold to bitcoin.

@powderpuff6078 13 күн бұрын

I have even more respect for Schiff!!!❤

@Jeannette-ei9xd 18 күн бұрын

QUESTION⁉️ What happens if the grid goes down to Crypto or Bitcoin ⁉️

@Gman979 12 күн бұрын

Yes especially when Washington and Congress threaten to cut off Internet of China and Russia. Reason why China banned bitcoin.

@krista_b253 3 күн бұрын

same thing that would happen to your credit cards and ATMs. If the grid goes down, we have bigger problems.

@orlandomalo6191 2 ай бұрын

One of the greatest link ups we didn’t know we needed

@-whackd 2 ай бұрын

No it isn't. Peter Schiff is mentally ill. He has been on record saying Bitcoin will go to zero every year for the past dozen years. If you listen to this fool, your brain is broken.

@ariesbull 2 ай бұрын

💯 agree… enjoyed every minute!

@SilverStoll 2 ай бұрын

Both made excellent points

@michaelholmes8848 Ай бұрын

Who’s we?

@GroovyNomad Ай бұрын

the viewers @@michaelholmes8848

@dwaynesview 2 ай бұрын

Peter is fighting for his company and the gold industry as a whole. He’s clearly threatened by Bitcoin because it’s a new store of value. It’s the preferred hedge for young people.

@RandyMarshUSA 2 ай бұрын

100%

@EroticOnion23 2 ай бұрын

21 million x 0 = 0

@kwolitek4785 2 ай бұрын

Yeah that's why he got laughed at on TV for years warning you about the housing collapse, to sell gold🙄 And after that huge transfer of wealth, the elites came up with an even better scam... sell these idiots imaginary nfts and cryptos🤣

@neildeakin4454 Ай бұрын

None of the central banks are buying Bitcoin. What are they buying?

@beaglethecutestdoglula6716 Ай бұрын

Thats the point. Who cares about we are moving to a new paradigm of money where we don't need central banks.

@kaiserwaldon 23 күн бұрын

A refreshing highly valuable debate for us to form our own ideas, we need to see more opposing long form across all topics.

@davehenning7747 Ай бұрын

I can't wait to watch this in about 3-4 years. Tom, thank you for this. This is beautiful.

@cyberft Ай бұрын

Both of these guys were making these arguments 3 - 4 years ago. Peter Schiff is a clown, and what he’s selling is an antidote to fomo. No one that invest in his funds makes money but hey, you get to feel good.

@rjwassenaar7511 Ай бұрын

And then what? If BTC is 2 or 3 million in 4 years, Schiff will still be able to say it "will go to zero, because it has no intrinsic value", and Pal could be saying BTC will bounce right back if BTC is around 5000 by that time. But what is obvious is that although there are extreme fluctuations, the lows are getting higher with each run. So, watching it again in 4 years will most likely be a disappointment, because it will give NO clear answer to who was right. But my money is on BTC.

@spacewalktraveller1 Ай бұрын

This is the first time I've heard them in about 4yrs, and they are saying exactly the same crap. They both have been saying this crap since the GFC 2008, and they both missed the biggest bull market in history. They have no idea what they are saying.

@rjwassenaar7511 Ай бұрын

@@spacewalktraveller1 So, what is your story in a nutshell then that is completely different from both Peter and Raoul?? Seriously, I am very curious to hear a different, and better, perspective. And to give you start, i would like to point out that I am sure Raoul has seen an extreme growth of his wealth, since he has been in crypto since (I believe) 2012 or 2014. And that means he probably did much better than just being in stocks. By the way, Raoul could impossibly have been saying "exactly the same crap" since the GFC 2008, because nobody ever heard of cryptos in 2008 or 2009.

@MrManny075 Ай бұрын

Are you sure about that? How sure are you, that you will be around in 3 to 4 years? Go back to the real world, you only have this moment, tomorrow is a mystery

@egeneraltnf Ай бұрын

OH THIS WAS SO GOOD! Can we get a part two at the end of the year?

@extraclip Ай бұрын

Peter: bitcoin is shit, buy my nft 😂

@fishrrelaxing9361 25 күн бұрын

I pray for this to happen in my lifetime so that I can help my family and friends through it.. my greatest fear is at some point that time will eventually come and by then we won’t have the populous that has the basic skills and knowledge to get through those times.. I’m ready and been preparing for this for 2 decades now.. let’s rip the fn bandaid off now while the people with the solutions to fix it are still here

@anndrake492 22 күн бұрын

get rid of zoning laws which stop a person from building their own house! its a supply and demand thing with the government creating the shortage via restrictive zoning.

@marlifalize3191 2 ай бұрын

Tom, it was really nice to hear you moderate this conversation so well. It was really respectfull.

@Huntress101 2 ай бұрын

Tom you did great! That was not easy!

@joycehaines2055 2 ай бұрын

It easy to get the temperature out of control, you did a great job. I bought gold at the bank, tried to save but 1dollar gold from the bank is same as 1 paper and people trade it straight across so in long run I was not able to save it. Tokens are easier not to spend. It’s still an invisible asset. One carton of eggs is worth one jar of pickles an a small jar of jelly. So value is what that the other person can use in their life to sustain it.

@phil1297 2 ай бұрын

Tom - you moderated expertly. This was a great meeting of the minds. Great show. One of your best.

@exxonrcg 2 ай бұрын

yup. Enjoyed the discussions and appreciate you ocassionally stepping in to get back on track

@jb9433 2 ай бұрын

How can he moderate it well if he is in one of the camps???

@Lexman00 2 ай бұрын

Thank you for making this debate possible. Hopefully we can get a Peter Schiff vs Michael Saylor debate soon.

@brettrevelle8788 2 ай бұрын

I've thought about this debate for a while. Would love to see this.

@-whackd 2 ай бұрын

You need Peter Schiff to say that Bitcoin is going to zero for 10 more years? What exactly about Schiffs argument changes?

@williamkreth Ай бұрын

That would be amazing but I feel that would probably butt heada really badly

@Jacobcurman Ай бұрын

Micheal Saylor is too knowledged to waste time on Peter Schiff

@iBuyBitcoin Ай бұрын

Saylor would OBLITERATE Schiff like nothing

@Jay-xq1dc 16 күн бұрын

We need more debates like this, when people on "both sides" challenge each other beliefs we really get a better understanding. Great episode @Tom

@leonamambrosio2140 11 күн бұрын

For the discussion 1:13min there is a city in Brazil called Rolante which may the city with more merchants already accepting Bitcoin. More then 200 stores where you can already use Bitcoin from your digital wallet. So, how about if other cities adopt the same policy? Is that plausible?

@HomeSlize Ай бұрын

I watched this debate twice. Great to see experts like Schiff & Pal debate about Bitcoin, the current state of the economy, history & the future. I also appreciated Tom’s moderation, definitely kept the debate on focused, and also appreciated his thoughts.

@ThinkingCrypto 2 ай бұрын

Peter has been wrong about Bitcoin for over 10 years, he has lost all credibility.

@immigrantsagainstimmigrati2557 2 ай бұрын

Think about who is controlling BitCoin!! Bitcoin isn’t different from stock markets and banks!

@vambo13257 2 ай бұрын

make a case for Gold and Silver over crypto, you can't!!!!@@immigrantsagainstimmigrati2557

@Patriccist 2 ай бұрын

@@immigrantsagainstimmigrati2557 its all because ofcovid and 5 g

@din3832 2 ай бұрын

a lot of what he says is on point, just that on bitcoin he is in denial, since his business is gold. its like the candle factory pissed of on electricity.

@pex8151 2 ай бұрын

@@din3832 😂😂😂

@BreathingInDM 10 күн бұрын

Mate, seeing you first time... But this kind of confrontation is so f..cking awesome! You are staying aside... Letting them speak using arguments. Great stuff... All the best bro... Subbed.

@Ezenwamadu-rr5jd Сағат бұрын

I agree with Peter 100%. My own way of explaining bitcoin is this: "hoping on bitcoin is hoping on USD$".

@J-Rod73 2 ай бұрын

Possibly the BEST Bitcoin debate I've seen. Both sides of the argument are super legit. 🔥🔥🔥

@donkeybus 2 ай бұрын

Schiff has a tremendous blind spot for what makes things stores of value, and it's because his livelihood depends on that blind spot. strange to watch as he is a smart guy otherwise.

@mattmcginley7 2 ай бұрын

Peter is a fucking idiot who demonstrates over and over again he has no idea how digital properties have real value

@zachbeall6810 2 ай бұрын

The basis of Peter's argument is "the reason gold has value and Bitcoin has none is gold has practical, real world uses/demand outside of just being money". considering gold's non monetary uses constitute a tiny fraction of its monetary use, I think that argument is bs.

@J-Rod73 2 ай бұрын

@@zachbeall6810 I agree. All I know is that crypto has been and continues to be the fastest horse. I just hate that once we all make our gains, the majority of us are going to sell our crypto back into the fiat system we are trying to escape. 🥴

@chuckdawit 2 ай бұрын

But see that's why you're wrong, because gold has a large use case outside of money. There's a large percentage of goods we produce today that cannot be created without gold. Gold being used as money is a small percentage of use today, so your assumption is actually the opposite of the truth.@@zachbeall6810

@mrandmrssmithofficial Ай бұрын

ONLY TIME WILL TELL. THIS VIDEO WILL BE WATCHED FOR MANY YEARS TO COME. Well done Tom!!!

@Donkor640 Ай бұрын

Hindsight is 20/20… Unfortunately we can’t invest in hindsight, so we have to research and make the best decision based on the information available today.

@griftinggamer 26 күн бұрын

@Donkor640 I was in bitcoin at $8 when I was a teenager playing video games and some dude told me about it and all I could do with it was buy drugs on silk road. While I kick myself every day for selling way prematurely, instead of realizing how many suckered there would be, I definitely agree with Peter's side. Bitcoin has no more intensic value than fiat currency. It makes no sense. It's like the great Tulip speculation. It's based on "muh technology" and "you boomers wouldn't understand". I was a 20 year old bitcoin (almost) millionaire and today I have gold, silver, guns, ammo, and real estate...Bitcoin never added up, I'm still skeptical that it's some globalist banker psyop tbh. Today it feels like people are reeled into it as a pump n dump dreaming of the massive upside people like me had...well...I think that's over. Any nominal rise in bitcoin will be due to pure speculation and inflation of the underlying fiat currencies used to purchase it.

@Donkor640 26 күн бұрын

@@griftinggamer That’s an amazing story to have $8 BTC! I wouldn’t beat yourself up about selling it though, because nobody expected it to be this huge in such a relatively short period. Even Raul has a story of selling off a bunch of his Bitcoin after making huge gains on his early investment. I think the problem people have with taking cryptocurrencies seriously is that it’s human nature to cling to the way we’ve done things in the past. There’s a level of certainty in the status quo, and there’s its uncomfortable to branch out into something new. But once you explore the Crypto space and realize how many innovative projects are being developed, you really get the sense that this space will be a large part of the global economy. I’m convinced that anyone who doesn’t understand that part of the puzzle just hasn’t done any research in this space. I’m almost 50 and the overarching narrative of my lifetime (thus far), is that if you can’t keep up with emerging technologies then you’re going to be stuck in the slow lane doing things the hard way.

@sokaiya1 13 күн бұрын

When we started with Bitcoin, the premise was to keep it outside of the hands of the bankers. Today, the bankers are in control of it and own a large majority and control the on and exit ramps.

@surecockhomes 21 күн бұрын

Thank you guys for covering all angles and getting along😂 love watching.

@Blezster 26 күн бұрын

Could you talk a little bit bit more about the wave four? Loving your videos! Thank you.

@cryptozeno Ай бұрын

Gosh, you learn more about money management and wealth by listening to Tom, Raoul and Peter than 5 years in the university. We need more of this healthy debates.

@DanteSlappedyouwithfacts Ай бұрын

Peter was right,gold hit a alltime high

@dongshengdi773 Ай бұрын

@@DanteSlappedyouwithfacts USD dollar is also in all time high. Tesla , Apple, Google, Nvidia, Microsoft, all in All time High. And Bitcoin is also in all time high and Bitcoin is the fastest horse in the race

@backcountyrpilot 21 күн бұрын

@@dongshengdi773The value of the Dollar relative to gold, Bitcoin, real estate, stocks, commodities shrinks over time because there is almost no restraint on inflating the supply.

@stephaniemosher8611 2 ай бұрын

Tom, I really appreciate how you interject to keep the conversation in line, summarize their statements so it’s understandable and provide support to the discussion.

@stephaniemosher8611 2 ай бұрын

“Trying to be understood, not convincing” I’m using that. Wow. That is going to help my relationships so much in all kinds of conversations

@Mattyg08 25 күн бұрын

Amazing conversation, interesting points from both sides. Brilliant interviewer

@azizboumiza3449 12 күн бұрын

Talking to Peter Schiff feels like chatting with my 75-year-old farmer grandpa.

@Randy-MacDonald 7 күн бұрын

Your grandpa must be a wise man.

@nopemerry7410 2 ай бұрын

We have already had tokenized gold, it used to be fiat money

@nick-oi1xf Ай бұрын

Yep, and it failed

@bar8665 Ай бұрын

It went from money to currency. Difference.

@bar8665 Ай бұрын

@nick-oi1xf the money didn't fail lol the politicians did.

@Semi_Successful Ай бұрын

That's why they took it off the Gold Standard. And then it turned into a fiat currency.

@bestprice1776 Ай бұрын

Government can't be trusted with money. Bitcoin can't be controlled by any government and therefore is the perfect money.

@GFY11 2 ай бұрын

32:25 Watching Raoul's face as Peter says Bitcoin and Easter Bunny in the same sentence was priceless 😂

@tstilley1000 Ай бұрын

That was awesome! I’m with Peter

@weegieboard8432 Ай бұрын

yeah awesome! you stay poor with your tulips@@tstilley1000

@GFY11 Ай бұрын

@@tstilley1000😂 He said tooth fairy as well 😂😂😂

@prouse376 Ай бұрын

@@tstilley1000 I remember hearing the same thing about the internet.

@GFY11 Ай бұрын

@@prouse376 Life was better before Internet

@majeretime86 12 күн бұрын

Peter isn’t looking at the possibility of gold fading away. In this day and age we have material sciences that could have a breakthrough that makes gold irrelevant. Even jewelry could be made with a carbon nanotube or something even better with digital properties to make jewelry “smarter”. I’d like to ask him, if a technique to make gold out of air tomorrow, would you still feel like gold was valuable?

@bobbyhexlrod1651 8 күн бұрын

Peter is obviously a very smart gentleman, but he seems to be having a very difficult time accepting the transition towards the tokenization of RWA's(real world assets), "phygital" (physical meets digital) and other stores of value. The notion that BTC isn't going to succeed is ludicrous. The market has already spoken via $7.2mil X's from a penny, being listed on the CME, and an ETF approval. Can we please turn the page?

@KreamyKone 2 ай бұрын

I don't need wealth, I'm happy with good shelter and food to share with family.

@isiglz 2 ай бұрын

After this interview I really respect Raoul. His form of Conversing and questioning ideas is on a whole other level

@jimbobarooney2861 2 ай бұрын

Bollox

@Jawsh98 2 ай бұрын

Agree 100%

@meme64561 2 ай бұрын

Totally agree

@mbrum3230 2 ай бұрын

Not unusual for a con man.

@opsecclassified6469 2 ай бұрын

@mbrum3230 a bit salty huh....😅😅😅😂

@mattanderson6672 23 күн бұрын

Brilliant interview, thank you!!

@maycohmfic3127 11 сағат бұрын

Tom, you gained a subscriber! Outstanding equalized moderation. You are a smooth operator, Cheers!

@charleekimball6551 2 ай бұрын

I have listened to both of these guys often, and have learned a lot from both. Great debate. So impressed with your skills, Tom, in keeping this debate engaging. Raoul was very respectful.

@AstralProbes 2 ай бұрын

more like douchey 🙂

@chumamakasi6682 Ай бұрын

I learnt quite a bit listening to both sides, good one.

@seanarmstrong8497 2 ай бұрын

All great guys. Raoul is a gentleman, doesn't cut people off and wants open discussion for learning. Schiff is in the discussion to win it. Just what I'm noticing. And to be fair, he is super successful obviously so is use to forcing his view to get the success he wants. Just different communication styles. All great people with great input. Thanks to all. I love to see both view points. Both have value.

@AndrewClarkePhotography 2 ай бұрын

How many times did he talk over shiff

@annabelquintero1651 2 ай бұрын

I think Paul was insulting but I don’t think he is self aware, and that Raoul & Tom were gracious with him knowing thats his style.

@-whackd 2 ай бұрын

Schiff is not super successful. He would be super successful if he wasn't saying Bitcoin is going to zero for the past 10 years. He has literally made the worst investment call in history.

@neildeakin4454 Ай бұрын

"Schiff is in the discussion to win it" I don't think he was but he still did, again..

@jackcrook4435 Ай бұрын

@@neildeakin4454 Ah, I see you missed the point of the comment here.

@Godsontechy 20 күн бұрын

Happy to be here 💯. So much learning

@mrright1068 11 күн бұрын

Fantastic debate. Great Job getting them both together Tom.

@kenrebro2746 Ай бұрын

Two gentlemen debating the way a debate should be. Add to that a moderator who moderated as it should be done.

@phinyx Ай бұрын

Yet...Schiff is most definitely interrupting Pal much more Pal interrupting Schiff...so who is the gentleman here?

@crvermeer2808 27 күн бұрын

Not rrally. Peter is explaining his view. The other is just asking manipulatieve questions.

@mikezamos 2 ай бұрын

Very professional of Schiff to have an ad on his background..

@ThinkingCrypto 2 ай бұрын

lol, shows how desperate he is

@dre44r56 2 ай бұрын

Super desperate as his business is failing and calls everyone crazy morons because they believe in a modern version of Gold that outshines its primitive roots. Hope to never hear Peter's bullshit again.

@TheTerrypcurtin 2 ай бұрын

ANNOYING

@whiteglove5723 2 ай бұрын

ETF of gold vs Bitcoin is not even comparison… Bitcoin will eat gold!

@immigrantsagainstimmigrati2557 2 ай бұрын

Who cares! Nobody isn’t forcing you to buy anything! Everyone has right to sell and advertise for something!!

@bryanshepherd2703 21 күн бұрын

This was great! Thanks for the content

@sharkslideterasasharkslide3362 26 күн бұрын

what a talk, you are all 3 brilliant!!! But it is understandable that something that is not ordinary its hard to accept that is really wow as technology, because of everything you learned over your period of life, that's why nobody is writing a books about that people that goes with the flow. I have read 1000s of books, almost every book about the blockchain technology, history,economics and I was the person against blockchain technology and I took time to accept it openly. And I strongly support the idea that the best case scenario is, "but what if?" so I give all credits to Raoul, smart people understand fundamentals of investments they do. Thank you for such valuable Debate Tom

@rcanada3564 2 ай бұрын

It's nice that you have speakers with opposing views on simultaneously. I'd like to see more of that. Thanks!

@jacksonthomas3775 2 ай бұрын

Peters argument, I prefer receiving my letters in the mail, I can hold it and prove I have it.

@T.DeCervantez 2 ай бұрын

😂

@bahmak2003 2 ай бұрын

Why can’t you prove email? Bitcoin uses cryptographic proof of ownership!😂😂😂😂

@lestermcpherson2487 2 ай бұрын

This answer.........Legend.

@daveandpaige6471 2 ай бұрын

Just look at what's happening. If electric and Internet go down you will see people jumping off. This is their playbook.

@culluc43 2 ай бұрын

How about trusting the election process? What would you trust more, paper ballot or some kind of a internet election on the blockchain?

@bartnelder4695 26 күн бұрын

Thanks for these insights

@ElizabethEleanor-kx3lt 22 күн бұрын

In one month Bitcoin fell from 60k to 30k in May 2021. Then it took 6 months to rise again from 30k to 69k. Remember that?

@daniellovecchio6235 Ай бұрын

"The internet is just a fad." - Newsweek Magazine (1995) "The internet may be just a passing fad." - Daily Mail (2000)

@ousamaabdu794 Ай бұрын

To be fair.. Very very few people or publications said the Internet would be a fad..

@cman5461 Ай бұрын

lol "Daily Mail". Please don't tell me you are comparing something with infinite value(internet) to Bitcoin?

@clarkg5946 Ай бұрын

I'm sure many said tulips were just a fad too.

@Donkor640 Ай бұрын

@@cman5461I believe Crypto has infinite value, but it’s tied to the internet making it impossible to really contrast the two. Just like internet use cases weren’t clearly understood 25 years ago, crypto uses are in their infancy.

@davehooper6481 Ай бұрын

The Internet turned out to be very useful, which bitcoin is not, and it got faster, which bitcoin certainly could never do

@francisdewolf2849 2 ай бұрын

Great debate. Do debates like this again

@gerikeith287 21 күн бұрын

Great interview , love an honest debate

@Gman979 12 күн бұрын

The biggest issue of bitcoin is not the value or the technology behind it but the custodial and proof of ownership. The advent of quantum communication adds to the risk further. Peter Schiff is correct.

@hajaminola 2 ай бұрын

Sounds like Mr. Schiff is a little bitter that he MISSED THE BOAT in 2010. Pump it to $150k by end of 2024. I "gambled" my student loans in 2011 to buy $5500. Paid my student loans in FULL plus interest when I graduated in 2015. Left the USA for good right after college to retire overseas. God Bless Satoshi. Satoshi changed the course of my life.

@ivecadit 2 ай бұрын

That's fucking awesome!

@gainknowledgeandinsight 2 ай бұрын

Sooooo good!!! Love that!

@danieldayton7814 2 ай бұрын

This was a good discussion and both made their cases. I actually felt enlightened. This is how the world should work and how we learn! Thank you!

@crochetninja5752 2 ай бұрын

Agree!

@Fearzero Ай бұрын

Peter demonstrates he knows nothing about bitcoin and Raol doesn't know the selling points of it.

@chriseden9907 Ай бұрын

Sell it then.

@stevekostner5791 24 күн бұрын

I completely understand what Peter is saying however I do on bitcoin, and I do think it will retain its value. I also and still enjoy both, but this was one of the best beats. I’ve seen on this topic props to the moderator and props to both Peter and Raul.

@jaymessandman6301 7 күн бұрын

Extremely enlightening with some Valuetainment throughout the debate/discussions with the forecast Outlooks on the very near future..... Absolutely awesome 👍

@tordoveias 24 күн бұрын

Thank God that when the internet appeared, it wasn't Mr. Peter Schiff who decided whether we could adopt it or not. The world would be much poorer....

@AnonDa Ай бұрын

Peter is demanding BTCs success is measured by it being used as a medium of exchange and unit of account.... when gold isn't used as such either

@GloriousReign Ай бұрын

Facts 💯

@Semi_Successful Ай бұрын

And that's the issue with currencies today.

@joshholm1000 Ай бұрын

Good point.

@Elmgren76 Ай бұрын

It was used for thousands of years until Nixon took the dollar off the gold standard in 1971.

@isaacpound5881 Ай бұрын

Sure put it back onto gold standard. But you still have centralized entities and trust issues then @@Elmgren76

@mattp_743 2 ай бұрын

You can tell a lot about people who listen compared to those who interrupt. Ral is an unreal listener. And genuinely respects others perspectives (why wouldn’t he, everyone is entitled to their reality). Ral has an amazing humility and his incredibly adaptive mindset is why he is such an unreal mentor for those who dare listen, and stay humble. Thanks Ral.

@dapsolita 2 ай бұрын

I agree whole-heartedly 😊

@mdevvvo Ай бұрын

he sounds like a sarcastic prick at 1:30:47 to me

@prouse376 Ай бұрын

Because Peter is talking nonsense. He's like the people that said the internet was a fad and had no real use.

@mdevvvo Ай бұрын

saying you like to invest in companies that pay a dividend and have earning is nonsense? also, that is such a strawman, who was saying the internet was a fad with no use? like 2-3 90 year old senators? that was never a prevailing sentiment @@prouse376

@mdevvvo Ай бұрын

saying he likes dividend stocks and companies with earnings is nonsense? Maybe 1-2 90 year old senators said the internet was a fad with no real use. thats a total strawman. that was never the prevailing sentiment @@prouse376

@betarseller7437 15 күн бұрын

Ummm silver is a better asset to own than gold. Silver has more use. Silver is the best conductor of electricity. For the filth year in a row silver supply can't keep up with demand. You're both wrong

@rlg222 27 күн бұрын

Great conversation, Gentlemen😊 The thing is is that Peter and Raoul both stay good points I think this one is a difficult one to debate and I believe that both bitcoin and gold have its advantages and disadvantages. Nobody knows what the future holds as things continually improve change and upgrade there’s no doubt that gold is solid, but look at what changes happened with gold. The same thing will happen to bitcoin I guess another way to put it is you have to decide what is the lesser of the two evils?

@brendonftrades 2 ай бұрын

Crazy thing, we can buy both!

@davidzawistowski4073 2 ай бұрын

Buy the one that can’t be duplicated…

@J-Rad- 2 ай бұрын

What a concept

@big_red_machine3547 2 ай бұрын

You own gold for the Mad Max apocalypse until there’s no food, otherwise you own bitcoin unless you want to “own nothing and be happy”

@Donkor640 Ай бұрын

@@davidzawistowski4073it’s open source code! It’s been 14 years and thousands of cryptocurrencies have been created in that time. If you’re still worried about a duplicate project devaluing Bitcoin then you should do some more research.

@crochetninja5752 2 ай бұрын

Tom, very well done for organizing divergent views on important topics. Keep up the good work!

@sherrih6187 18 күн бұрын

Grid goes down...bitcoin holdings dissappear. Nothing more valuable than food. Buy LAND..Farmable land. THATS MY "SAFE" INVESTMENT. Lots of silver, little bit of gold if possible.