Peter Schiff warns against Bitcoin, likening it to "Fool's Gold" and suggests investing in physical gold and silver instead, especially as a hedge against inflation and monetary debasement. In a debate, Schiff clashes with Anthony Scaramucci over whether Bitcoin or gold is a better investment, with Eric Vorhees and Nouriel Roubini also weighing in. Schiff criticizes Bitcoin's viability as a currency due to its slow speed and high costs, while Scaramucci doubts returning to a gold standard due to its restrictions. Despite differing opinions, both Schiff and Rubini see gold as a superior portfolio diversifier to Bitcoin, citing its longer track record and stability.

Bitcoin's utility as a currency is questioned by Rubini based on criteria like universal acceptance, scalability, and stability, while Scaramucci predicts Bitcoin's value to reach $1 million per coin within a decade.
A study suggests that gold remains a safe haven asset during times of economic uncertainty, while Bitcoin's role as a safe haven is debated, with some countries finding it vital during certain market conditions.
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Credit: Zero Hedge
ZeroHedge Live Debate: The Great Gold Vs Crypto Debate
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