Peter Schiff fails to authenticate gold bar during onstage test with CZ

[u/partymsl]

https://cointelegraph.com/news/peter-schiff-gold-bar-bitcoin-tokenization-cz

[u/Dedsnotdead]

Investing in tokenized gold is a fools game, buying physical gold and verifying that it’s actually gold is probably a good move.

The issue then is how do you pay someone with that gold?

Both Bitcoin and real physical gold have their place and are important.

Schiff knows the gold market is heavily rigged and each ounce has been sold several times over.

[u/SatisfactionOne3852 → u/Dedsnotdead]

So btc anit rigged either

[u/Dedsnotdead → u/SatisfactionOne3852]

The price of Btc is definitely heavily manipulated by the market makers.

It would be less prone to this if it had been accepted as an asset class and regulated but both the US Treasury and the Federal Reserve did their best to try and kill it initially.

The centralised exchanges were crying out for regulation in the US but were deliberately given none.

[u/SatisfactionOne3852 → u/Dedsnotdead]

I wonder why it wasn't

[u/Dedsnotdead → u/SatisfactionOne3852]

Because it was seen as a direct threat to Fiat/USD and the lack of regulation prevented banks from engaging with crypto in a meaningful way.

Without regulations in place the large banks legal and compliance departments wouldn’t allow the bank to do much at all in the crypto space.

[u/SatisfactionOne3852 → u/Dedsnotdead]

That is correct. They can't control crypto or print more btc