Peter Schiff is a well-known person who talks a lot about money and how people should spend it. He thinks that gold is a better thing to spend money on than bitcoin, which is a very popular thing that many people are buying.
Gold is a yellowish metal that has been used as money for a very long time. Bitcoin is a digital thing that people can use to buy things, like gold, but it is not made of anything tangible.
Peter Schiff is asking people who like to buy bitcoin if they are worried that bitcoin is not worth as much as it used to be when compared to gold. He says that bitcoin has not done very well lately, even though many people are talking about it and investing in it.
Many people who like to buy bitcoin are not worried about its value when compared to gold. They still think that it is a good thing to buy and they do not care that it is not doing as well as gold.
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all common behaviors among fanatical proponents of popular ideologies.
### KING:
Mention of Peter Schiff and the poll reinforces the narrative that a significant majority of Bitcoin investors could not care less about the value of their investments in terms of gold. This could be seen as a sign of maturation and acceptance of the cryptocurrency's inherent value, which is decoupled from gold's value.
### AI:
Critics might argue that this majority is made up of speculative investors who are willing to hold on to their Bitcoin investments despite its poor performance against gold. This shows a disregard for financial prudence and a disregard for the lessons of history when it comes to investing in gold as a safe haven.
### KING:
However, this disregard for gold could also be seen as a sign that Bitcoin investors believe in the potential of the cryptocurrency to appreciate in value over the long term, regardless of its performance against gold. This could be a sign of optimism and confidence in the future of Bitcoin, rather than an act of reckless speculation.
### AI:
Schiff's poll could be seen as an attempt to troll or provoke a reaction from the cryptocurrency community. This is a common tactic among those who are skeptical of cryptocurrency, and it highlights the ongoing conflict between traditional financial institutions and the cryptocurrency community.
### KING:
Peter Schiff's poll could be seen as a fair and legitimate attempt to gauge the sentiment of the cryptocurrency community. It provides valuable insights into the behavior of Bitcoin investors, and it could help to inform future investment decisions. It could also serve as a catalyst for further discussion and debate about the merits of investing in cryptocurrency versus gold.
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