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. I consider myself of above average intelligence and I still have no understanding of Bitcoin. What is its value, what does it do or provide to you. I'm not for it or against it, I just struggle to understand how its market value is 100K? It seems like it's that valuable just because people think it's that valuable. It however doesn't seem to do anything. Your typical stock is like a little piece of a company that provides a good or service and has profits and losses that dictate its value….so what is dictating Bitcoins value?

  2. If someone likes gold and doesn't want to buy Bitcoin I am not that interested but if someone is actively talking Bitcoin down while talking gold up, I have to wonder why they are doing that. It sounds like he doesn't want to have anything compete against gold.

  3. We can say the same for gold, because gold is not needed for society to survive like gas or rear earth.

    If people no longer value gold, then they won’t buy gold and the price will fall.

    Gold is valuable because governments deemed it valuable.

    If companies start allowing the use of crypto to buy goods and services, then we will see a surge.

    Crypto is not considered value because it’s not recognized as a currency that can be used to buy goods and services.

    If you give your crypto like gold to someone, then they can sell it and get the money. What is this guy talking about?

    Did he note see how many people become millionaires trading crypto currency?

  4. It's a scam because it's a ghost currency buying time to abstract as much liquidity as possible before it disappears without trace. The U.S now got itself in deepest trouble in history because it endorsed bitcoin and the inflated value must be paid to the smart investors when they cash out before the crash is about to happen now. Who do you think is going to pay for all the billions and trillions? It's the U.S government and its institution of course by allowing bitcoin to balloon up to lure people in. Now that the reality is beginning to emerge, the liquidity may not cover the billions have to pay out or paid. And what is about to happen next is beyond imagination. I wish bitcoin hadn't been created. There are so much win lose games on the market why meed bitcoin ask yourself? To be honest this time the scammer got scammed. So for all the good people out there please be careful and take care of your hard earned money.

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