Peter Schiff Defends Warren Buffett Against Bitcoin Enthusiasts

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Peter Schiff Defends Warren Buffett Against Bitcoin Enthusiasts
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Bitcoin bulls beware: Peter Schiff comes to Warren Buffett's rescue bitcoin btc bitcoinnews warrenbuffet peterschiff $btc PeterSchiff

. He has called cryptocurrency trading a gamble and stated that he would not buy 100% of the BTC supply even for $25. The reason for his skepticism toward cryptocurrencies, according to Buffett, is that they do not produce anything.However, it is interesting to note that Buffett holds similar views on gold, a commodity that Schiff is known to be a big proponent of.

I agree with him. Gold is not an investment, it's money. Buffett prefers gold in a vault to paper dollars stuffed under his mattress.

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