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Grayscale Founder Barry Silbert: Eventually Gold Demand Will Drop 100%

Amy Liu

Summary: Peter Schiff, CEO of Euro Pacific Capital, tweeted that eventually Bitcoin demand will drop by 100% because all the demand comes from speculators. All they do is to buy things that have no value, hoping to sell them to others who don’t realize or don’t care that it has no value at a higher price. ...

Peter Schiff, CEO of Euro Pacific Capital, tweeted that eventually Bitcoin demand will drop by 100% because all the demand comes from speculators. All they do is to buy things that have no value, hoping to sell them to others who don’t realize or don’t care that it has no value at a higher price. Barry Silbert, the founder of Grayscale, responded that gold is the case.

By Amy Liu

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