Monday, August 28, 2017

Crypto currency supply will exceed the demand

"What kept me out of it is understanding that it's not going to work - that bitcoin or any of these crypto-currencies are never going to be money. They're never going to achieve what everybody believes is going to happen. All that's happening now is people are speculating on something that isn't going to happen.

They keep on creating them one after another - so the supply is going to ultimately overwhelm the demand."

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009