Society & Culture
PE71: How long has Peter Schiff been BEARISH???
2023-05-19
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This is the seventy-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis.
Contents
00:00 Intro
00:21 Peter's bearish stance
01:28 Gold on left, Bitcoin on right
02:20 2011 comments
02:39 2013 comments
03:40 2014 comments
04:39 2015 comments
05:23 2016 comments
06:09 2017 comments
08:46 2018 comments
09:42 2019 comments
10:15 2020 comments
10:53 2021 comments
12:31 2022 comments
13:03 2023 comments
14:39 Gold & Bitcoin trendlines
16:09 Trend growth rates
Here I review gold investor Peter Schiff's thirteen-year bearish comments on Bitcoin the monetary system and the price of bitcoins. His consistency is quite remarkable, in light of continuous Bitcoin dominance over gold.
I close it with analyzing the 83% R-squared exponential trendline for gold's price, and comparing that with the 95% R-squared power trendline for the price of bitcoins.
Gold's trend only grows at 9% per year (doubles every 8 years), Bitcoin's at 125% (doubles every 0.8 years).
Prior videos with further info:
Gold original exponential explainer: https://www.youtube.com/watch?v=oFRkS2_ylec
Bitcoin original power explainer: https://www.youtube.com/watch?v=FU2P_jJwVZ0
Host: Matthew Mezinskis
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
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