$KAITO
StableSnapshot Window: 2026-07-19 12:40 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 11, Retweets: 1, Likes: 19, Impressions: 5261
Verbatim Community Citations & Social Evidence 1 source posts analyzed
GOLDBUG PETER SCHIFF ARGUING #BITCOIN IS NOT A STORE OF VALUE AT $300 “YOU DON’T KNOW WHAT BITCOINS ARE GOING TO BE WORTH NEXT WEEK, NEXT YEAR, IN 5 YEARS, OR 10 YEARS.” “NOBODY KNOWS. WILL BITCOINS BE WORTH 0? THEY MIGHT.” [Spoken audio]: Now today, of course, we don't have legitimate currency. We have fiat currency. There is nothing behind the dollar, which is why people think, well, then what's wrong with Bitcoin because there's nothing behind the dollar. And so there's nothing behind bitcoins. Therefore, you know, it's the same. Well, there is a significant difference. See the dollar is legal tender here in America. Other currencies are legal tender someplace else. And even though I don't want dollars, the government only accepts dollars in payment of taxes. of taxes and therefore if I don't want to go to jail and I value not going to jail, that does have a value. The only way I stay out of jail is to have enough dollars to pay my taxes. So there is a legitimate use for dollars, even though they don't have any intrinsic value the way gold does, but bitcoins don't have any intrinsic value whatsoever. So here's the problem. People are advocating the use of bitcoins as if it's a form of money, but it can't be because bitcoins do not represent a store value. You don't know what bitcoins are going to be worth next week, next year in five years or 10 years. Nobody knows will bitcoins be worth zero. They might because they don't have any intrinsic value. Somebody could come up with an alternative digital currency that maybe is more attractive bitcoins and people will use that one. Somebody might come up with a legitimate digital currency that's actually backed by gold. That's not hard to do.