Been Listening to Peter Schiff Debates About Bitcoin & Gold

One thing I learned is Peter Schiff loves to talk over his debating opponents and insist that Bitcoin is not worth anything. When challenged he doesn't give anything other than tautological reasons.

In any event, I think the respective communities' members show a huge demographic shift in what the old guard values and the younger generation values. Like many good ideas in the world, it may just be as the older generation passes away the world increasingly shifts to a Bitcoin Standard.

Go back to 2011 and listen to some of his first opinions on bitcoin and debates arguing against bitcoin. You will find he hasnt changed his initial stance in over 12 years and his initial stance was from a position of ignorance and misinformation as he had done zero research on the topic back then.

This means in over 12 years shiffty schiff hasnt even scratched below the surface of what bitcoin is how it works and why it is valued as money. His stubborn ego and old world biases have caused him to completely miss the future of money.

He could have put $10k into bitcoin when he first heard about it just as a way to learn ($10k is nothing to him) which would have left him with 10,000 btc which is worth $270 million today. This is 4 times his current estimated net worth of $70 million.

This is a great example of how ignorance ego and old paradigm assumptions can cause people to miss what is right in front of them. Peter Schiff should be the number one case study in any future book about predicting the future and the danger of biases.