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    Warum Peter Schiff in Bezug auf Bitcoin und Inflation falsch liegt (Meinung)

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    9 Comments

    2. InclineDumbbellPress on

      Peter Schiff is the type of guy to listen to somebody say something smart and say “stop making up words”

    3. Dazzling_Marzipan474 on

      If he’s right then you could say the exact same thing about gold.

    4. coinfeeds-bot on

      tldr; Peter Schiff argues that Bitcoin and cryptocurrency investments will lead to economic inefficiencies, larger trade deficits, a weaker dollar, and higher inflation. He believes that resources allocated to Bitcoin are misallocated, potentially causing inflation as people use Bitcoin to hedge against dollar inflation. However, the article counters that Bitcoin economies incentivize holding, reducing money velocity, and that Bitcoin’s rising prices reflect dollar inflation rather than causing it. Bitcoin investments may actually help balance trade deficits by keeping dollars from going overseas.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    7. Blindeafmuten on

      What Peter Schiff is wrong about is that funds are allocated to Bitcoin and other cryptocurrency.

      In reality, if for example I pay 1000$ to buy Bitcoin those money were not allocated to Bitcoin.

      Someone else got 1000$ to sell me Bitcoin and has those money available to put back into the economy.

    8. MichaelAischmann on

      >*Euro Pac’s Peter Schiff asserted Wednesday that inflows to BTC and cryptocurrency will cause inflation. But the truth is BTC economies incentivize holding and decrease the velocity of money.*

      The first two sentences sum it up. Instead of supporting consumerism, BTC fights it. The appreciation of it won’t cause demand for goods & services as waiting increases purchasing power. Thus it won’t cause inflation.

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