Peter SchiffThinkers

Bitcoin is being fueled by the psychology of Bitcoin

Bitcoin is incapable of being a store of value because it has no value to store. Price is what you pay, value is what you get.

Bitcoin s main benefit is in the field of either crime or speculation.

Bitcoin shouldn't be equated with gold because In 100 years, in a 1,000 years, the gold that I’m storing today can be melted down and used in electronics or used in jewelry, or for whatever new uses have been invented that don’t even exist today

The Minimum wage is the imposing of one's own morals in a way that denies people the right to make a rational decision to accept the most they can get in a competitive market.

The Minimum wage is intended for entry level employment, for gaining skills and getting paid while others are actually paying to get skills (i.e. going to college).

The Minimum wage hurts the very people that it's intended to help because if your labor is not worth $15 then the employer will not make a hire so, by removing the lower rungs of the ladder, it limits his ability to sell his labor for the highest price he can get.

The Minimum wage was originally set not with good motivations, but as an attempt to trying to prevent employers from hiring the Chinese or blacks..