Excellent post.
You nailed Pete Schiff. I dont know why anyone listen to that charlatan. He doesnt tout $5000 gold because he is a holder of gold, he does so because he sells gold. Period. He is a snake oil salesman...nothing more.
Buffett doesnt understand technology...he never did. As great a stock picker as he is, he totally missed the likes of Apple, which he recently started to acquire, because he didnt get tech.
I think the MSM is only doing the bidding of Wall Street. All these talking heads that are run out on these programs are done so with the intention of putting fear into the masses. The banksters want these cryptocurrencies for themselves. They want the power and control and this presents a challenge to them. So what do they do? Go out and buy the stuff just like they did gold. I would not be surprised if Goldman and JPM were huge buyers of crypto. We already know the Chinese are huge miners meaning they have a lot of BTC (and probably other currencies too).
Thanks for the feedback.
I totally agree with you that many do spread the FUD to keep the profits often. Funny though, in my research watching so many pundits try and quantify bitcoin and what its value is based on...they were losing their minds. Clearly they just cannot understand it - its funny AF
That is nothing new...the pundits usually dont understand much that they talk about. They throw out the talking points which ends up proving nothing other than they have little clue what they are talking about.