rant · moment 9 of 19
Bitcoin Crash and Peter Schiff's Doom Newsletter Brand
from #254 - Apocalypse Olympics with Abby Martin | The Tim Dillon Show · #254
4 min
Tim talks about Bitcoin's price crash ahead of the Miami conference and mocks Peter Schiff and other perma-bear financial pundits who constantly predict imminent economic collapse to sell newsletters.
- Bitcoin has crashed and lost roughly half its value to about $35,000.
- Tim describes the longest bull market in history, artificially extended by COVID stimulus and cheap interest rates.
- Financial shows now introduce every guest as predicting total economic destruction within 72 hours, bringing out Peter Schiff.
- Peter Schiff is a libertarian living in Puerto Rico who gets excited whenever the economy is about to tank.
- Tim wants to bring Schiff to the Bitcoin convention to scream that Bitcoin will never be gold while people boo him.
- Financial YouTube thumbnails feature doomsday claims like 'people will lose everything' and 'crash coming sooner than you think.'
- These doom-prediction channels will eventually just sell merchandise that says 'crash.'
- Peter Schiff has predicted nine out of the last two recessions, always saying it's coming but it keeps not happening.
- The pitch always ends the same way: stock market going to zero, so sign up for the newsletter or course they're selling.