Peter Schiff Refuses to Bet on Bitcoin Going to Zero: But I’ll Bet It Underperforms Gold On June 16, gold bull Peter Schiff @PeterSchiff debated crypto investor Anthony Pompliano on Fox Business. When it came to a bet about Bitcoin still existing in ten years, Schiff refused to wager on Bitcoin going to zero but said he’s willing to bet it underperforms gold. Pompliano argued that both Bitcoin and gold supporters believe governments won’t stop printing money, but Bitcoin’s higher volatility gives it greater upside potential. Schiff countered, saying Bitcoin has seen over 70% drawdowns, and volatility isn’t an advantage. He also pointed out that Bitcoin lacks a truly long-term historical track record, and current Bitcoin companies and ETF buying are more about helping early investors cash out. Source: Peter Schiff