Peter Schiff: BITCOIN BUBBLE! (#121)

Into the Impossible With Brian Keating

Brian Keating

Physics, Natural Sciences, Science

4.7 • 1.1K Ratings

🗓️ 27 February 2021

⏱️ 132 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

According to @PeterSchiff, the only valid reason to buy Bitcoin is thinking the bubble will get much bigger before it bursts. Most #Bitcoin buyers don't know it's a bubble so they will never sell. But since most who do will be unable to tell when it's popped, they're also unlikely to get out with a profit. Learn more from Peter Schiff: https://www.schiffradio.com/ @PeterSchiff Invest with Peter Schiff: https://europacificfunds.com/ https://schiffgold.com/ Watch my interviews about crypto and bitcoing: with Michael Saylor for the "bitcoin bull case": https://youtu.be/9w0VSQtVnI8?sub_confirmation=1 https://youtu.be/CaN_CDKqXOg?sub_confirmation=1 And with Cory (Swan) Klippsten making the case against bitcoin. https://youtu.be/jZi5ovigXaU?sub_confirmation=1 Support the podcast: https://www.patreon.com/drbriankeating And please join my mailing list to get resources and enter giveaways to win a FREE copy of my book (and more) http://briankeating.com/mailing_list.php 📝 🎥 🎥 Watch my most popular videos🎥 🎥 Frank Wilczek https://youtu.be/3z8RqKMQHe0?sub_confirmation=1 Weinstein and Wolfram https://www.youtube.com/watch?v=OI0AZ4Y4Ip4?sub_confirmation=1 Sheldon Glashow: https://youtu.be/a0_iaWgxQtA?sub_confirmation=1 Michael Saylor The Physics of Bitcoin https://youtu.be/CaN_CDKqXOg?sub_confirmation=1 Sir Roger Penrose, Nobel Prize winner: https://www.youtube.com/watch?v=AMuqyAvX7Wo?sub_confirmation=1 Jill Tarter https://youtu.be/O9K9OBd3vHk?sub_confirmation=1 Sara Seager Venus LIfe: https://youtu.be/QPsEDoOTU6k?sub_confirmation=1 Noam Chomsky: https://youtu.be/Iaz6JIxDh6Y?sub_confirmation=1 Sabine Hossenfelder: https://youtu.be/V6dMM2-X6nk?sub_confirmation=1 Sarah Scoles: https://youtu.be/apVKobWigMw Stephen Wolfram: https://youtu.be/nSAemRxzmXM 🏄‍♂️ Find me on Twitter at https://twitter.com/DrBrianKeating 🔥 Find me on Instagram at https://instagram.com/DrBrianKeating 📖 Buy my book LOSING THE NOBEL PRIZE: http://amzn.to/2sa5UpA 🔔 Subscribe for more great content https://www.youtube.com/DrBrianKeating?sub_confirmation=1 ✍️Detailed Blog posts here: https://briankeating.com/blog.php 📧Join my mailing list: http://briankeating.com/mailing_list.php 👪Join my Facebook Group: https://facebook.com/losingthenobelprize 🎙️Please subscribe, rate, and review the INTO THE IMPOSSIBLE Podcast on iTunes: https://itunes.apple.com/us/podcast/into-the-impossible/id1169885840?mt=2 🎙️Listen on all other platforms: https://wavve.link/into A production of http://imagination.ucsd.edu/ Support the podcast: https://www.patreon.com/drbriankeating Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Any sufficiently advanced technology is indistinguishable from magic.
0:07.0	I want to first before we go too deep into Bitcoin versus gold versus
0:13.8	precious commodities. I know you've had a lot of encounters with with the
0:18.9	notions of the purpose of wealth. I want to ask you, there's a famous line in, I think it's Wall Street,
0:25.4	part one, where Charlie Sheen asked Michael Douglas, you know, how many yachts can you water ski behind?
0:31.9	I want to ask you, you've been incredibly successful.
0:34.0	What is the purpose of wealth to you, Petership?
0:37.0	Well, I think from a society perspective,
0:40.0	because obviously on an individual basis, I mean's pretty obvious what the benefits of wealth are right I mean we all want to be wealthy
0:47.7	You know because you know we want to live a better life and the more wealth we have you you know, the more things that we can enjoy in life that aren't free.
0:57.0	I mean, some things in life are free, but a lot of stuff isn't.
1:02.0	But I think from, you know, the benefit of society, like how do I benefit from
1:06.4	somebody else's wealth? That is really the question. And is wealth something that we
1:11.4	should fear because the way the left spins it,
1:14.7	wealth is a bad thing if you don't have it.
1:17.3	And somehow when somebody has wealth,
1:19.8	it's because they're hogging it,
1:21.5	or they're taking wealth from you that you're somehow
1:23.7	poorer because somebody else is richer and nothing can be further from the truth
1:29.0	because first of all wealth is
1:33.0	a thief and you steal something but as far as most entrepreneurs
1:37.6	they have to create the wealth it wasn't there until they created it's not like there's all this wealth and we just grab a piece of it.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brian Keating, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Keating and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.