Peter Schiff Bursts The Bitcoin Bubble
Host of FOX Business Network's The Claman Countdown, Liz Claman is joined by founder and CEO of Euro Pacific Capital, Peter Schiff. In early January, Bitcoin made headlines as its value peaked at over $40k, causing at-home investors and finance mavens alike to race to get their hands on the cryptocurrency. But ever since Bitcoin became available in the early 2010s, Peter Schiff has been skeptical of its worth. Today, he joins Liz to discuss how Bitcoin works, why he doesn't like the cryptocurrency as an investment, and how he thinks Bitcoin will ultimately fail. Follow Liz on Twitter: @LizClaman Learn more about your ad choices. Visit megaphone.fm/adchoices