Why Bitcoin is a SCAM! | Peter Schiff

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Full Episode ► https://youtu.be/4UDcNoELI-g?si=xFeIGl4h-PTFCJU4
Video From ► “Time Is Running Out!” Peter Schiff on Buying Bitcoin, Dumping Gold, & Getting Rich!

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Date: October 12, 2025

49 thoughts on “Why Bitcoin is a SCAM! | Peter Schiff

  1. Every year that goes by, as the world continues to change and Bitcoin continues it's steady rise in worldwide, and Schiff continues to refuse to update his thinking based on the data, continues the same talking points, he sounds more and more ridiculous. If he would just admit he was wrong he would regain so much respect.

  2. I’m not an economist or banker… but Google Ai says…
    +6
    No, the U.S. Internal Revenue Service (IRS) does not accept Bitcoin or any other virtual currency for federal income tax payments. The IRS treats cryptocurrency as property, not as a form of currency, for tax purposes.

    If you can pay your taxes with it… US$ would become useless. Per MMT. For now, Crypto is soaking up excess $, reducing money supply, thus it is somewhat anti-inflationary.

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