Bitcoin Debate : Gold or Bitcoin ?


Peter Schiff and Brian Kelly Bitcoin Debate: Bitcoin or Gold?

CNBC broadcast a debate between financial markets commentator Brian Kelly, and gold proponent and economist Peter Schiff on the show “Fast Money.” The two finance experts discussed which was a better investment — Bitcoin or gold?

Bitcoin has been a contentious issue for gold bugs since the cryptocurrency was created. Over the past few years, economist Peter Schiff has expressed his opinion that bitcoin has no real value. Schiff’s debate with Brian Kelly is no different as he still believes bitcoins are no more valuable than “beanie babies.” However, CNBC’s Brian Kelly disagrees and thinks bitcoin’s value revolves around its usefulness spurring global demand. The human subjective valuations of gold as a “shiny rock” is the same as bitcoin’s, states Kelly.

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